Sentences with phrase «called fair credit score»

«I'm pretty shocked that even with a so - called fair credit score, you could still wind up paying 50 percent more than someone in the excellent category,» says Bob Hunter, former Texas insurance commissioner and current director of insurance at the Washington, D.C. - based Consumer Federation of America.

Not exact matches

Scores that lie between 601 and 649 is a gray area and is sometimes called a fair or average credit score.

The credit score is also called a FICO score, named for the Fair IssacCorporation, the company that developed the credit scoring system.

A company called FICO (Fair Isaac Corporation) provides the proprietary software that all three three credit - reporting agencies use to calculate scores.

Generically, credit scores are called «FICO scores», named after the Fair Isaac Co., a pioneer in the credit scoring space.

It was originally developed by a company called the Fair Isaac Co., the name of which was eventually shortened to create the FICO credit score.

Experian calls their credit score the Experian / Fair Isaac Risk Model, or PLUS credit score.

What this will do is allow the consumer to make a choice except the card rate increases?or opt out advantages of opting out allows them to pay off the card balance with the old rates and default rates previously set, but it negatively effects their credit scoring because of how the so called Fair Isaac system works it can be damaging to ones credit score.

Another lender might call a 620 credit score fair.

FICO credit scores were created in 1958 by a company called Fair Isaac.

In its web site, Trans Union says «TrueCredit is not connected in any way with Fair, Isaac and Company; the credit score provided here is not a so - called FICO score.

In response to the need for a measurement of risk that was non biased and separate from the bank, in 1950's FICO (then called Fair Isaac and Company), developed the first credit score but it took over 20 more years to create a successful credit scoring model using data from the three major Credit Reporting Agencies credit score but it took over 20 more years to create a successful credit scoring model using data from the three major Credit Reporting Agencies credit scoring model using data from the three major Credit Reporting Agencies Credit Reporting Agencies (CRA).

The regulation, a somewhat belated result of the Fair and Accurate Credit Transactions Act of 2003, orders credit card companies and other lenders to provide this information through a so - called «risk - based pricing notice» plus a credit report or with disclosure of the consumer's credit Credit Transactions Act of 2003, orders credit card companies and other lenders to provide this information through a so - called «risk - based pricing notice» plus a credit report or with disclosure of the consumer's credit credit card companies and other lenders to provide this information through a so - called «risk - based pricing notice» plus a credit report or with disclosure of the consumer's credit credit report or with disclosure of the consumer's credit credit score.

A company called Fair Isaac Corporation pioneered the use of credit scores in 1956, but they didn't become widely used by creditors until the 1980's.

In the United States, a credit score is often called your FICO, named after the Fair Isaac Corporation that was the originator of the system used to score creditworthiness.

A FICO score is a credit score computed using proprietary formulas of the FICO Corporation (formerly called Fair Isaac), but there is not just one FICO score.

A FICO score is a credit score computed using proprietary formulas of the FICO Corporation (formerly called Fair Isaac), but there is not just one FICO score.