Category: Grade Credit Scores

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Washington, D.C. – The tenth annual credit score survey, released today by the Consumer Federation of America (CFA) and VantageScore Solutions, LLC, shows that low-income households are most likely to apply for credit in the next 12 months.  Yet, the survey also reveals that these households generally know much less about credit scores than households with higher incomes. The phone...

FICO announced its new FICO Score 10 Suite[1] of scoring models Thursday, promising more accurate credit risk assessments and significantly reduced defaults. It may also have an impact on your ability to qualify for loans. The biggest change is in the use of trended data to help lenders get a more accurate picture of your ability as a consumer to...

Washington, D.C. – Today, the U.S. House of Representatives passed the Protecting Your Credit Score Act of 2020 (H.R. 5332), a bipartisan bill sponsored by Rep. Josh Gottheimer (NJ) that would increase protection of consumer data, transparency of credit reporting, and accountability of the credit reporting agencies, furnishers, and companies that develop credit scoring models. Specifically, this bill will create a...