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.