An overview of FICO vs. Experian vs. Equifax: These three major credit bureaus collect information about consumers’ lending habits, and Experian and Equifax use that information to create detailed credit reports for lenders. FICO Corporation, on the other hand, developed an algorithm that numerically scores borrowers from 300 to 850 according to their creditworthiness. What is […]
Continue readingTag: Equifax
Top 3 credit bureaus and how they are used?
The three largest credit bureaus: The three credit bureaus are probably familiar to you. But what do they do? How do they work? How are they different? And why are three of them always mentioned? Our next step will be to analyse these entities, what they do, and how they do it. You must have heard about the recognized credit bureaus […]
Continue reading