What Effect Did Credit Scoring Have at First?

Answer Credit reporting began when small retailers shared information about their customers. As the system developed, credit bureaus emerged and the system begun adopting a formal statistical method to d... Read More »

Top Q&A For: What Effect Did Credit Scoring Have at First

What effect does divorce have on credit score?

It is easy to get caught up in the stress of a divorce and disregard aspects of your separation from your spouse that would impact your credit score. Being aware of the potential credit effects a ... Read More »

When is Obama's first time homebuyer credit of $8,000 in effect?

The $8,000 credit is from The American Recovery and Reinvestment Act of 2009. It applies to purchases made in 2009 before December 1. The Worker, Homeownership and Business Assistance Act of 2009 e... Read More »

What Is the FICO Credit Scoring Range?

FICO credit scores, developed by the Fair Isaac Corporation, range from 300 to 850. Credit scores near or above 700 indicate high financial responsibility and lenders are more likely to award loans... Read More »

What does a B-C-D house credit scoring mean?

B-C-D credit grade refers to the quality level of your credit score as determined by the mortgage company. A "B" grade is given to a credit score that is at least 620, a "C" grade for a credit scor... Read More »