CambridgeCredit asked:
Several decades ago, Fair Isaac and Company (FICO) revolutionized the credit rating system with the introduction of their FICO Score a three-digit number representing an individuals creditworthiness. In 2007, FICO began the process of overhauling its scoring model to better predict the risk represented by consumers. Roughly two years later, FICO 08 was released. This weeks episode of Cambridge Credit Counseling Corp.s Your Money 2.0 reviews these changes and explains how FICO 08 will impact your credit profile.
