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 ...

A new formula used to calculate credit scores will affect some peoples’ credit scores, including some college students’. Fair Isaac Corporation, which calculates credit scores, changed its formula in ...

To further complicate matters, each company has different versions of its scoring formula, though both "use a credit score range of 300 to 850" across the board. Even though the exact weightings ...

However, our opinions are our own. See how we rate credit score services to help you make smart decisions with your money. Credit scores are calculated from information on your credit reports by ...

Your credit score ranges tell lenders what type of borrower you are. Credit scores are calculated with a formula that uses five variables: payment history, amounts owed, length of credit history ...

FICO and VantageScore don’t use the same formula to calculate your credit score. However, both types of credit scores examine many of the same factors on your credit report. Below are some of ...

FICO score versions 2, 4 and 5 are different iterations of a similar formula. Since being introduced, these different scoring models have been updated by their respective credit reporting ...

Put simply, a credit score is a formula that lenders use to decide how likely you are to pay back a loan. If you’re considered a risky bet, you will pay more to borrow or may not be able to ...

To maintain a healthy credit score, it's important to keep your credit utilization rate (CUR) low. The general rule of thumb has been that you don't want your CUR to exceed 30%, but increasingly ...

So, if you have different types of accounts -- say, a mortgage, an auto loan, and a credit card -- it can count more favorably than if you only had one. By knowing the FICO® Score formula and how ...