Different Credit Scoring Models There are two scoring models for personal credit scores: The most widely used credit score is FICO.

There are a number of perks that come with top-notch credit, and the good news is that you don’t have to hit that perfect 850 credit score to enjoy them. Just getting your credit score over 800 ...

How that data gets crunched can vary a bit, as you technically have more than one credit score. There are two models that "dominate credit scoring," said NerdWallet: The FICO score, which is the ...

Not sure how a FICO score vs. credit score affects you? Find out which one matters most for credit approvals and interest rates.

Read on to learn what steps you can take to build credit if you have no score.

Homebuyers Didn't Have To Worry About Credit Scores Until 1989? Not Quite 1989 was a milestone year in the credit world, but statistical credit scoring has been around since the 1950s.

FICO® Score is the most commonly used credit scoring model, influencing approximately 90% of lending decisions across various financial products.

Any patterns of behavior over time Unlike your credit score, which is calculated by credit bureaus using complex algorithms, you have direct control over your credit history.

But that may be changing soon. FICO, the leading credit-scoring model, last week announced it will be debuting two new scores this fall – FICO Score 10 BNPL and FICO Score 10 T BNPL.