How do credit scores work? 2 finance professors explain how lenders choose who gets loans and at what interest rate

(THE CONVERSATION) With the cost of borrowing money to buy a home or a car inching ever higher, understanding who gets access to credit, and at what interest rate, is more important for borrowers’ ...
Nasdaq

I Asked ChatGPT To Explain a Credit Score Like I’m 12 — Here’s What It Said

ChatGPT is being talked about constantly, but some people might still be wondering exactly how to use it. One thing ChatGPT does really well is simplify concepts. For example, we all vaguely know what ...
Nasdaq

Does Your Credit Score Matter Anymore When You Are Retired? Experts Explain

Smart people spend their earlier years, from their 30s through their early 50s, saving for retirement and working to keep their credit score high. Those who are really savvy begin saving and building ...
Marketplace

The history of credit score algorithms and how they became the lender standard

Credit risk assessment is largely a job for credit score algorithms, mass market models and systems that are relatively new in terms of the modern credit industry’s lifespan. The FICO score, for ...