Part 2 – Risks to Closing Accounts to Improve Your FICO score

Posted on July 23, 2008 - Filed Under Credit History, improve credit score | Leave a Comment

The second reason closing accounts could hurt your good FICO score or might not help you improve your FICO score is your credit history. Your Credit History makes up 15% of your FICO score. If you think you are going to improve your credit mix by closing mix you could hurt this.
Your credit history [...]

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Where Did Your Credit Score Come From?

Posted on July 13, 2008 - Filed Under Credit History | Leave a Comment

The origin of you credit score takes us back to the 1950’s, when Bill Fair and Earl Isaac founded Fair Isaac. The idea behind the company is they would develop mathematical formulas to aid in decision making. The marketable product really came from idea for companies to use their formulas to assess credit risk.
The big [...]

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