Training: Public Courses

Demystifying Credit Bureau Scores

Description

FICO® scores provide creditors with the “gold standard” in fast, fair, objective and consistent risk assessment. Also called credit bureau scores, FICO scores are available from all of the leading credit reporting agencies in the US and Canada. In this interactive seminar, you’ll learn more about FICO scores including how they work, why they work, and how they are used in day-to-day lending decisions.

“Demystifying Credit Bureau Scores” is a custom half-day seminar designed specifically to meet your organization’s training requirements. You provide the audience and meeting location, and Fair Isaac provides an expert trainer and the seminar materials. The seminar content is tailored to your industry and to your organization’s needs and objectives. Attendees will receive detailed binders that they can take away from the seminar for future reference.

What you will learn
This seminar will “demystify” credit bureau scores by answering the most frequently asked questions about FICO scores, and covering the following topics:

• Scoring principles and terminology
• How Fair Isaac develops credit bureau scores
• Differences between scores at the US credit reporting agencies
• How inquiries affect scores
• Why some files do not receive scores
• Factors causing a low score and how scores can (and can’t!) be raised
• The process for correcting credit file information
• How Fair Isaac’s NextGen FICO scores compare to the Classic FICO scores