Got FICO? Drop below 700, and you’ll be limited to loans carrying the highest interest rates or often no loans at all. Sound outdated? It is.

Key Takeaways No two credit scores are the same, even if they belong to the same person. That's because the financial industry uses different scoring models for different purposes.FICO and ...

Credit-scoring models have various ranges — from “poor” or “subprime” to “excellent” or “super-prime” — depending on the model. The average credit score in 2024 was 715, according to Experian. That ...

The FHFA announcement directs Fannie Mae and Freddie Mac to permit lenders to choose between two approved credit score models – Classic FICO and VantageScore 4.0 – for loans sold to Fannie Mae and ...

The companies that buy up the majority of the country’s home loans will now accept a second credit scoring model for mortgages — a change that could help underrepresented borrowers qualify for ...

Manila, Philippines – As part of a series of major product and partnership advancements leading into 2026, FinScore, a ...

Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ...

Your business and personal credit can determine your company’s financing options ...