| View Question |
|
|
 | ||
|
| Subject:
Credit Report Formula for scoring
Category: Business and Money Asked by: arshadhusain-ga List Price: $10.00 |
Posted:
04 Jan 2005 08:23 PST
Expires: 03 Feb 2005 08:23 PST Question ID: 451660 |
what is the fico score formula? |
| ||
|
| There is no answer at this time. |
| ||
|
| Subject:
Re: Credit Report Formula for scoring
From: research_help-ga on 04 Jan 2005 09:27 PST |
Credit scoring formulae are proprietary and are not public information. Also, there is not one FICO formula, it is adjusted based on the company generating the score and for what purpose. |
| Subject:
Re: Credit Report Formula for scoring
From: jack_of_few_trades-ga on 04 Jan 2005 13:38 PST |
As Research_Help mentioned, the exact formula isn't open to public knowledge. But this information is available on the FICO homepage: Payment History 35% Amounts Owed 30% Length of Credit History 15% New Credit 10% Types of Credit Used 10% More information about what each of these categories means is also on their website. http://www.myfico.com/myfico/CreditCentral/ScoreConsiders.asp |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
| Search Google Answers for |
| Google Home - Answers FAQ - Terms of Service - Privacy Policy |