Several FICO score models have been introduced in the past 15- 20 years, most of which were better alternatives than the current FICO model that banks use today. However, due to GSE’s (or Government-sponsored enterprises like Freddie Mac & Sallie Mae) not approving these new models, they have and will continue to remain on the shelf. But this time it’s …

Differences between Consumer and Lender credit reports Arguably the credit score is the most important factor when it comes to borrowing, lending, and the subject of loans. Behind every yes, no, and tier-based loan is a credit score. Today’s lenders decision power is regulated by that three-digit number. But let’s be specific, the credit scores that the lender uses is …