Where you aware of your rights?
As a progressive and innovative company,
Fair Isaac and company (now known as
FICO) revolutionized the credit reporting
industry. FICO developed a solution through
risk model scoring that was impartial and
consistent. After years of development, the
model was released in the 1980s. It was the
first version of the rating system we know
today as the FICO score.
The system was embraced by the lending industry and credit reporting companies for two
reasons. First, lenders were under scrutiny from congress to eliminate the current system.
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