Experian Boost

Experian Boost

Experian recently announced a new program that will help consumers who don’t have any credit scores. The program is called Experian Boost. Until now utility bills and phone bills payments were not counted into the scoring models. This was effecting a lot of consumers...
Fico Reason Codes – What We Can Learn from Them

Fico Reason Codes – What We Can Learn from Them

The last few weeks I posted about a leaked Fico document revealing a full list of the Fico reason codes. The document also reveals a full description of all the reason codes. At Help Me Build Credit, we deeply reviewed this document. In this post, we will go through...
Fico Reason Codes

Fico Reason Codes

Last week I posted about a leaked Fico document containing a list of all the Fico reason codes. I promised to analyze the document and report back to my readers about the insights we can gain from it about the Fico scoring model. Before I do that, I would like to...
Fico Reason Codes – What We Can Learn from Them

Leaked Fico Document-Reasoning Codes

Which Factors Does Fico Use To Calculate Your Score? In this day in age, where transparency is at a very high level, it may sound very shocking to you, but the formula for the Fico scoring model (a scoring model which is used in 90% of mortgage-lending decisions) is...