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Consumer Law

: All Consuming

New credit score formula on horizon

By AGO Blog Moderator

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Your credit score helps lenders determine if you?re a good risk for a car loan, mortgage or credit card. Fair Isaac Corp., maker of the FICO score used by most banks and mortgage companies, is changing its formula in order to better predict the likelihood of a borrower defaulting ...

Full post as published by All Consuming on December 28, 2007 (boomark / email).

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