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, ...

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 ...

Credit scores have dropped in all 50 states over the past year, as credit card balances swell and more people struggle to ...

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 ...

FICO, the credit-scoring giant, is adjusting how it calculates its three-digit key to your creditworthiness. Consumers who have rising levels of credit card and other debt could see their FICO scores ...

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 ...