The Federal Housing Finance Agency this week announced a new rule that will open up competition for which score, or scores, Fannie Mae and Freddie Mac use.
A 740 today may not mean the same thing as a decade ago.
Experian says consumers who let the firm monitor their checking accounts could get easier access to credit.
Once a closely held secret, free scores are abundant.
Mortgage finance giants Fannie Mae and Freddie Mac consider one credit score when determining the creditworthiness of mortgage applicants: FICO. Some members of Congress want to change that by adding a provision to a bank deregulation bill that would require…
The Big Book
The modern credit economy mostly works, author Josh Lauer says.
Americans’ credit scores are averaging way higher, around 700 according to a new report from FICO. Credit agencies are also cleaning up their rolls and getting old or bad data off people’s reports. Plus, many people who went into bankruptcy…