This week we’re continuing to learn about credit histories, credit scores, and how all this fits into learning how to buy a car and getting a car loan.
Your Credit Score
Many years ago, way back in 1956, a little firm came into existence called Fair, Isaac and Company. These guys were number crunchers who, two years later, developed the first consumer credit scoring system.
The company and the credit score they invented came to be known as FICO®. This is the gold standard credit score and the one used by millions of creditors nationwide.…