5 Common Myths About Credit Scores | Finance > Financing & Credit from AllBusiness.com
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What's the Real Story?

Rumors thrive in times of uncertainty, and this is as true in the financial realm as anywhere else. Perhaps more so. We know one business owner who believes to this day that the credit-rating company Fair Isaac is run by a very reasonable fellow named Isaac. (In fact, it was founded in 1956 by engineer Bill Fair and mathematician Earl Isaac.)

We present the five most persistent myths about credit scores and how they're compiled, along with the truth behind the myth.

-- Tom Stein and Tim Devaney

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