History •
In 1956 Fair Isaac Corporation was founded.
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Fair Isaac used advanced math and analytics to help business make smarter decisions on lending.
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In 1963 Fair Isaac built a credit scoring model for Montgomery Ward
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In 1989 the first general-purpose FICO score debuts – BEACON at Equifax
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In 1991 the FICO risk scores are made available to all three major US credit reporting agencies: 1. 2. 3.
BEACON – Equifax EMPIRICA – Trans Union Experian – Experian