Ulzheimer Presentation at UGA

Ulzheimer Presentation at UGA - 2/17/2011 Credit Scoring, a...

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2/17/2011 1 Credit Scoring, a peak inside the black box…FINALLY!! Presented by John R. Ulzheimer Credit Author, Credit Expert Witness, and Credit Educator Defining the credit bureau risk score A numeric summary of the information on your credit reports that represents your credit risk The FICO ® Score is widely recognized as the industry standard Ranges from 300 to 850, calibrated so that higher is better for lenders and consumers Tuned to predict general credit risk, 90+DPD:24 Consumers will have one of each type of score for each of their credit reports, except for their Innovis credit report Who Does What? Minneapolis, Minnesota Chicago, Il inois Atlanta, Georgia Costa Mesa, California
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2/17/2011 2 How are these scores branded? At Equifax, the FICO risk score is called BEACON At TransUnion, it’s called EMPIRICA or FICO Risk Score Classic At Experian, It’s called The Experian/Fair Isaac Score Whenever you hear any of these terms you know that they are referring to the FICO developed risk
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Ulzheimer Presentation at UGA - 2/17/2011 Credit Scoring, a...

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