Changes to the New FICO 9 Credit Score You Should Know

by Cynthia Lawson
The Fair Isaac Corporation (FICO) has changed the way in which they calculate your credit score. The new credit scoring system, called FICO 9, went into effect in 2014. However, it wasn’t until banks starting using the new score in mass that Fair Isaac made the new formula available to consumers. Let’s look at what changed, why it changed and what effect this may have on consumers.Read the full article