More on credit scores of 625 and dear old Fart Issac (Fair Issac). Dear old Isaac has many different styles of Fico scores that they sell to lenders around the world.
Classic Fico Risk Scores are similiar to Classic coke, except not that sweet. These scores are the original scores that the Fair Isaac company came up with.
They basically let the lender or bank know the odds on whether or not you will be paying off your debt, or defaulting on your payments.
The credit grantors use the Classic Fair Isaac Score to make give thumbs up/thumbs down decisions like; do you get the boat, do you get the car, do you get the toy, do you get the motorcycle, do you get the house, do you get the shaft...........do you get the point?
They also have different names for their Fico scores. (is'nt that cute) They use Beacon at Equifax - United States and Canada. They use Emprica at Transunion United States and Canada. The same at Transunion ITC in South Africa.
For more direct information on Fair Isaac and their fico scores, or more information about a credit score of 625, you can find all of this information at www.fairisaac.com.
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