Huffpost Business

Credit Scores: FICO Formulas Are Being Changed By Lenders

Posted: Updated:

Long after the economy recovers, millions of Americans will be left with a grim legacy of the recession: damaged credit scores, the three-digit ratings that help determine consumers' ability to get loans and other types of credit.

Even though some consumers have seen their credit scores improve as they trim their debt, others have seen their scores drop significantly because of late payments on bills, foreclosures and rising credit card debt.

Read the whole story at

Around the Web

myFICO - FICO Credit Scores | Get a Free Credit Report Online

FICO - Wikipedia, the free encyclopedia

FDIC: FICO Assessment

The new math of FICO credit scores

The Ten Sneakiest Credit Card Tricks

Free Credit Report: How The Ads Soak Consumers

Change FICO Credit Scoring to Stimulate Economy and Address Housing and Banking Crisis