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 still 100% confidential. Consumers have very little

Fico XD- Introducing Alternate Data

Traditional Fico scoring models only factor in information found on a consumer’s credit report. A traditional Fico score can only be generated if the consumer has at least one recent trade line that is open for more than six months on his credit report. This approach was leaving over 50 million Americans without a Fico