FICO Scores

  • What FICO’s New Credit Scores Mean for the Mortgage Industry

    • February 6, 2020
    • Posted by: Kristine Dworkin
    • Category: News
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    You may have heard the news; Fair Isaac is updating FICO scores! That’s right, two new credit scores are expected this summer — FICO 10 and FICO 10T. Don’t panic, these new scores won’t have much of an impact on the $2 trillion of mortgage originations expected this year. This is because lenders follow a

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  • Big Changes Coming For Credit Reporting Agencies

    • January 25, 2018
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    Thanks to a 2015 settlement agreement between the New York Attorney General and the three credit reporting agencies, some important changes are on the way in regards to credit reporting. An additional agreement between the credit reporting agencies and another 31 state attorney generals ensure that the change will be nationwide. The changes are being

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  • FICO Score, FAKO Scores and FICO 09

    • September 14, 2017
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    FICO scores can be confusing to say the least. In reality a person has many different FICO (Fair Isaac Company) scores depending on what they are applying for and the codes that are being used to pull the credit report. What about when we pull our own credit report? Are we getting real FICO scores?

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  • How Many FICO Scores Does a Person Have?

    • February 19, 2015
    • Posted by: Joel Firestone (G-Net Consulting)
    • Category: News
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    One of the most misunderstood facts about FICO scores is that most consumers think they only have 3…one for each bureau. The fact is that a consumer actually has dozens of FICO scores. With the rollout of FICO 09 a consumer now has approximately 65 different FICO scores. That can sound a bit overwhelming but

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