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The Way FICO Credit Scores Are Calculated Is Changing — Here's Why

The Fair Isaac Corporation (FICO) is moving to make changes in how our credit scores are calculated — and those are expected to take effect by the end of this year.

Average scores could end up going down, which would reverse a trend that’s lasted nearly a decade.

Jim Triggs joined The Show to talk about what are being called FICO 10 and FICO 10 T.  Triggs is president and CEO of Money Management International, a nonprofit credit counseling agency.

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Steve Goldstein was a host at KJZZ from 1997 to 2022.