Why the FICO Score Isn't as Important as Everyone Thinks It Is
ST. LOUIS, Nov. 12, 2010 /PRNewswire/ -- Personal Finance Blog, ChristianPF.com published an article discussing the factors that influence a FICO score and why some consumers may not need to care.
An excerpt from the article...
FICO (Fair and Isaac Company) was begun in 1956 by an engineer named Bill Fair and a mathematician by the name of Earl Isaac. It is the main way in which companies offering credit to you assess your risk. Simply put, the higher your score, the more likely your are to pay back what you borrow. Although it was originally named after its creators, a much more fitting name is Financially Irresponsible Credit Opportunity. I will explain why that should be the name later in the article, but first let's break down what is in a FICO score...
Read the full article: http://christianpf.com/what-factors-influence-your-fico-score/
SOURCE ChristianPF.com
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