CreditStrong for Business

JULY 11, 2024

VantageScore vs FICO Most people use the terms credit score and FICO Score the same way, but there’s more than one type of credit score. Both are valid and used by multiple types of lenders to determine your likelihood of repaying debts and credit risk. You’re more likely to use your FICO credit score though.

Credit Scoring 59

Credit Scoring Credit Reporting Agencies Credit and Collections Credit Unions 59

CreditStrong for Business

AUGUST 27, 2024

However, more options are typically available to borrowers with thin credit profiles than to borrowers with a bad credit score because of a historical poor repayment history. There are many different types of credit scores, as providers create them to serve different purposes. What Is a FICO Score?

Credit Scoring 52

Credit Scoring Credit Reporting Agencies Credit Card Companies Credit Risk 52

tillful

MARCH 8, 2023

Over the past two decades, the financial services industry has been gravitating towards a more comprehensive approach to credit risk assessment. Credit scoring models alone don’t tell the whole story, so companies are looking to alternative credit data to fill in the gaps. Here are a few examples.

Credit Scoring 59

Credit Scoring Credit Reporting Agencies Bankruptcy Credit Risk 59

CreditStrong for Business

MARCH 23, 2023

However, more options are typically available to borrowers with thin credit profiles than to borrowers with a bad credit score because of a historical poor repayment history. There are many different types of credit scores, as providers create them to serve different purposes. What Is a FICO Score?

Credit Scoring 59

Credit Scoring Credit Reporting Agencies Credit Card Companies Credit Risk 59

Fundera

APRIL 12, 2016

FICO’s website offers a helpful chart showing which industries, lenders, and credit-reporting agencies use each type of FICO Score. They also point out that the basics of excellent credit remain the same: make payments on time, keep your balances low, and only open new credit accounts when needed.

Credit Scoring 68

Credit Scoring Credit Reporting Agencies Credit and Collections Credit Card Companies 68