Who Invented Credit Scoring?
Posted by admin
After getting my credit score (654), I am curious as to who invented credit scoring. Does anyone out there know? Wikipedia gives the history of the Fair Isaac Corporation, but not the history of the business itself. Fair and Isaac apparently started in the mid 50’s so it has been around for almost 60 years at least. Another thing I wonder is what led them to pick the seemingly arbitrary numbers 300 and 850 as the upper and lower limits of the fair isaac credit score range respectively. If anyone has in depth knowledge of this it would be greatly appreciated. Thanks for reading!
