What consumers and lenders need to know about the most widely used credit scores in lending decisions. Understand how lenders evaluate credit risk for loans and other credit with FICO Scores.
FICO Research Brief: Impact of the CRAs’ Enhanced Public Record Standards on FICO® Scores
Consumer reporting agencies (CRAs) — Experian®, Equifax® and TransUnion® — are changing the data standards and service level requirements of the public record data they maintain.
There is more than one type of credit score, but FICO® Scores are used in 90% U.S. of lending decisions, making FICO® Scores the most widely used credit scores.
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