FICO Awarded 17 New Patents For Innovations In Predictive Analytics, Credit Scoring And Fraud Detection

MINNEAPOLIS, May 17, 2012 /PRNewswire/ -- FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today announced that it has been awarded 17 new patents by the U.S. Patent ...

People Seriously Exaggerate How Much Credit Applications Impact FICO Scores

It’s no secret that FICO scores and other credit risk scores consider credit inquiries when calculating your credit scores. A credit inquiry, if you are not familiar with it, is a record of who pulled your credit report and on what date.

More Americans Have FICO Scores of 800+

Could this be a light at the end of the credit crisis tunnel? According to new research from Fair Isaac Corporation, the company responsible for FICO scores, the percentage of Americans with top-notch credit scores is the best it’s been since 2008. In addition, the number of people in the bottom tier of the credit [...]

Restoring your credit scores after filing for bankruptcy

The right steps to improve scores include a mix of credit and paying bills on time. But there's no way to quickly restore FICO scores to their old levels after a bankruptcy. Dear Liz : I had credit scores over 800 with no late payments ever. Unfortunately, a medical issue required me to charge $24,500 to a credit card. That led to a bankruptcy, which was discharged in July 2011. My scores ...

Is That Credit Score a FICO, or a FICO 8?

A FICO analysis that showed a rise in the proportion of people in the top tier of credit scores, used the latest version of its score, called FICO 8.