3 ms·
Important to consider that credit scores weren’t a thing until 1989
by lmohseni 6y ago
Important to consider that credit scores weren’t a thing until 1989
- sokoloff 6y agoThat is the content of a meme circulating recently which is imprecise at the most charitable (and IMO pretty close to entirely wrong) Engineer Bill Fair and mathematician Earl Isaac (the “F” and “I” in FICO) started their company in 1956 and had a bank credit card scoring system available in 1970. Equifax was founded in 1899 (not a typo). The original name: “Retail Credit Company”. https://www.opploans.com/blog/a-brief-history-of-credit-scores/ https://www.opploans.com/blog/a-brief-history-of-credit-scor... https://www.myfico.com/consumer-division-of-FICO.aspx https://www.myfico.com/consumer-division-of-FICO.aspx