FICO-credit-scoring-vs-VantageScore

​Taking the temperature of credit scoring: Vantage is hot, FICO is not.

For sixty years now, the name ‘FICO’ has been synonymous with credit scoring, as the Fair Isaac Corporation is the preeminent credit model in the field. But if we stop to take the credit scoring industry’s temperature now, we’ll find that FICO has been cooling of late – while a new competitor, VantageScore, is red hot.

Make no mistake about it; FICO is still dominates the credit scoring landscape. In fact, each year FICO sells 10 billion scores to lenders who ...

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will-employers-start-imbedding-RFID-chips-in-their-employees

Will employers start imbedding RFID chips in their employees?

Will your employer – or even the government – require that you get implanted with a RFID chip in the near future? It sounds like something out of a dystopian science fiction movie but in fact, when it comes to RFID implantation, the future is already here – and may be coming to your workplace soon.

Epicenter, a Swedish company, has installed microchips in the hands of its employees. The chips, about the size of a grain of rice and easily ...

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10-surprising-things-that-can-hurt-your-credit-score

10 Surprising things that could hurt your credit score

Most of us understand the basics about credit reporting and what might hurt our score – missing a mortgage payment, maxing out a credit card, or shopping around for too many loans at the same time. But there are plenty of little known credit pitfalls, too, including these ten:

1. Overdue library books
Remember that book you checked out from the local library 3 ½ years ago that you never returned because it fell in between the seats of your car? ...

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ways-you-may-be-eligible-for-unclaimed-money

10 More ways you may be eligible for unclaimed money – and where to start looking.

Does someone owe you money but you don’t even know about it? In part one of this blog, we talked about the enormous sums that go unclaimed by consumers every year.

According to the National Association of Unclaimed Property Administrators (NAUPA) there are $32.9 billion in assets sitting unclaimed in state treasuries and other agencies right now. That number is just a slice of the total pie, as the state of New York holds $13 billion in ...

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young-people-are-struggling-mightily-with-credit-scores

Young Money; Why young people are struggling mightily with credit scores.

Do you remember when you first went to college or finished high school and entered the working world and got your first credit card? While you may have felt like an empowered, responsible adult and used it to charge some really important purchases, like CDs, new clothes at the mall, and a lot of late night pizza, chances are that you made a few mistakes with that card along the way, dinging your credit substantially.

Some things change, but some ...

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Is-the-US-facing-a-student-loan-revolution

Is the U.S. facing a student loan revolution?

What would a revolution in the United States look like? You may envision something out of a movie with ordinary citizens fighting in the streets against an oppressive regime, but in fact, if there is a large-scale revolt starting – and it may just be – the battleground will probably be in the courts, not the streets. But it’s not an overthrow of our POTUS, equal representation for taxation, or state sovereignty that are the desired outcomes of this revolution. ...

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35 Mind-blowing facts about Wal-Mart, the world’s largest retailer.

Recent headlines disclose that Wal-Mart, the ubiquitous international super store chain, will close about 269 locations this coming year, affecting 16,000 workers. About 154 of those stores are in the U.S., expected to leave 10,000 workers laid off or fired. But does that mean the venerable retailer is in decline? Hardly, as we see from these 35 mind blowing facts about Wal-Mart.

1. Despite the recent small decline, Wal-Mart is still the biggest retailer in the world, with 11,000 stores in ...

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25-facts-about-playing-the-lottery

So you didn’t win the $1.6 billion lottery jackpot? Here are 25 facts you should know – including how to increase your chances next time.

When the PowerBall jackpot recently grew to over $1.6 billion dollars, a lot of people ran to their nearest gas station, deli, or convenience store to buy a ticket. For the few people who came out with the lucky numbers, their lives will be changed forever. But for the rest of us, life just goes back to normal – until the jackpot grows large enough to capture our attention again and we buy tickets. But what are the actual odds ...

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billions-of-dollars-go-unclaimed-each-year

Billions of dollars go unclaimed in the U.S. every year – and some of it may belong to you.

There’s money for you “out there,” just waiting for you to come and claim it. So why aren’t you? Probably, if you’re like most Americans, because you don’t know where to find it or that it even exists. It’s true – there are piles of money owed to ordinary citizens every year but go unclaimed. You’ll be amazed when you hear how much it is – and that your name might be on some of it!

How much money is left ...

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