What’s In My FICO® Score

NPCCEducation

What’s in my FICO® Score? Your FICO® score considers both positive and negative information in your report. Your score is calculated from many different places of consumer and credit data.  Data is grouped into five categories, each with a percentage of how important each category is and how your score is calculated. Late payments will lower your FICO® score, but … Read More

FICO® vs VantageScore®

NPCCEducation

FICO® vs. VantageScore®: What’s the Difference? FICO®, the Fair Isaac Corporation, introduced its FICO® scoring system back in 1989 and has been working synonymously with mortgage, credit card, and lending companies ever since. Recently, FICO®’s dominance has been challenged by VantageScore®, which is a result of the collaboration between the three major credit reporting agencies (CRAs) – Experian®, TransUnion® and … Read More

What Is A Credit Report?

NPCCEducation

WHAT IS A CREDIT REPORT? A credit report is a statement that has information about your credit activity and current credit status such as loan paying history and the status of your credit accounts.  Credit reporting companies, also known as credit bureaus or consumer reporting agencies, collect and store financial data about you that is submitted to them by creditors, credit … Read More