Changes by one of the nation's leading credit-scoring agencies could make it easier for millions of Americans to borrow money. FICO said the latest version of its proprietary credit-scoring formula ...

A new formula used to calculate credit scores will affect some peoples’ credit scores, including some college students’. Fair Isaac Corporation, which calculates credit scores, changed its formula in ...

FICO updated its formula to help lenders better figure if borrowers can repay loans. FICO scores are calculated by looking at what the borrow currently owes, previous credit history, length of credit, ...

We are used to thinking only about our financial behaviors when trying to improve our credit scores. That’s probably because since the 1950s, FICO’s ranking formula has been an industry standard for ...

To maintain a healthy credit score, it's important to keep your credit utilization rate (CUR) low. The general rule of thumb has been that you don't want your CUR to exceed 30%, but increasingly ...

If you’re new to the credit game, one of the first and best ways to establish or improve your score is to get a credit card. Just refrain from splurging. Start with a low spending limit and make small ...

Stephanie Skinner recently received one of those letters that credit card account holders dread; her 11 percent rate had been raised to 29.99 percent. And when she called Citibank to complain, she was ...