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credit reports: Recent Changes in Credit Scoring and Reporting and How They Affect You - FICO 08 - 06/12/09 01:05 PM
While the roots of the modern credit report can be traced all the way back to 1898, the numerical credit score wasn't devised until the 1950s and didn't become a major part of the American financial system until the last twenty years. In 1956, Bill Fair and Earl Isaac devised analytical tools that attempted to quantify the risk of loaning an individual money and launched a company based on this scoring system. Their company was called Fair Isaac & Co., better known by the acronym FICO. After several decades of success in Europe, FICO's system caught on in the United States
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credit reports: Divorce & Credit: What You And Your Clients Need To Know - 05/18/09 07:55 PM
Although the current credit crisis is causing more couples to stay together because they cannot afford to financial support two households, statistics still show that 1 out of every 2 marriages ends in divorce! That's a daunting statistic and one that brings with it an abundance of emotional and financial upheaval for more than half of all married people. It is also a statistic that creates an urgent need for all individuals to become aware of how they can protect their credit standing in the face of a major life change; a change that will surely impact their financial situation. While
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