Can Credit Repair Fix The New Fico 08 Credit Status

In FICO credit score of Advisor (February 15, 2009 6:03 am)

Finally, one year after being announced it looks like the big 3 credit bureaus, Experian, Trans-Union and Equifax are going to reluctantly use the new Fair Isaac FICO 08 credit score. The big question now is whether and how much credit repair is going to help you increase your score.

First of all what is FICO 08? This is the name given to the formula used by Fair Isaacs to predict whether or not you would be a good credit risk. The output from this formula, and other factors, the lender will make a decision on whether or not to grant you credit.

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