When Did Credit Scores Start

when did credit scores start

When Did Credit Scores Start ?

by

Credit scores started in 1989 with the introduction of FICO scores. Prior to that, creditworthiness was determined through subjective evaluations by lenders. “When Did Credit Scores Start” The use of credit scores revolutionized the lending industry by providing a standardized and objective way to assess an individual’s credit risk. Today, credit scores play a crucial … Read more