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FICO and FAKO Credit Scores [Credit]Have you ever heard the term FAKO score? What about FICO score? Seasoned Consumerist readers will know the difference but if you're new to the whirlwind credit industry, you may not. FICO stands for Fair Isaac Corporation and refers to the algorithm they use to calculate your credit risk and cred... |
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![Old Debts Under $100 Don't Matter Under FICO '08 [Fico]](http://statics.keegy.com//img/postsh/11/72/th2-old-debts-under-100-don-t-matter-under-fico-08-fico.jpg)
Old Debts Under $100 Don't Matter Under FICO '08 [Fico]An update to how the new FICO '08 scoring system got revamped this year: Collection ammounts where the original debt was under $100 will be totally disregarded, MarketWatch reports. Back in Feb we reported that they would still be taken into account but only matter less. Also, FICO'08 has been ro... |
