Jan 07
The credit scoring system is being tweaked again as Fair Isaac
Corporation, developer of the FICO credit score rolls out a new model
dubbed FICO 08.
The new product was originally announced back in June but was not due
to be finalized for a while. A demand by users in the wake of both rising
mortgage defaults and consumer credit delinquencies for a better way of
analyzing risk has pushed FICO into speeding up the
release. It is expected that…