Aug 112009

As a Certified Credit Consultant with Credit Justice Services, I personally service and help consumers protect their credit rights so they can move forward in a positive direction in their financial lives. Using our 75 Day Credit Makeover TM, our mission at Credit Justice Services is to help people increase their credit scores by disputing the accuracy of the information being reported on their credit reports with the three major credit bureaus. A 2006 MASSPIRG study found that 79% of credit reports contain inaccurate information – that’s 8 out of 10 times. If I were in the business of being a surgeon, I’d be in a lot of trouble. An average client can see an increase of 50-100 points in their credit score in 75 days or less with our expert help. At Credit Justice Services, we talk to clients a lot about FICO scores, so I thought it would be fun to look up some facts about the Fair Isaac Corporation.
• (1956) Engineer Bill Fair and mathematician Earl Isaac found Fair Isaac — with an initial investment of $400 each — on the principle that data, used intelligently, can improve business decisions.
• (1958) Fair Isaac sends letter to the 50 biggest American credit grantors, asking for the opportunity to explain a new concept: credit scoring. Only one replies.
• (1963) Builds first credit scoring system for Montgomery Ward, beginning long-term
association with the company.
• (1970) Delivers the first scoring system for a bank credit card to Connecticut Bank and Trust.
• (1989) First general-purpose FICO score debuts–BEACON at Equifax.
• (1991) FICO credit bureau risk scores made available at all three major US credit reporting agencies — BEACONsm at Equifax, EMPIRICA® at Trans Union, and the Experian/Fair Isaac model at Experian.
• (2001) Partners with Equifax to launch Score Power™, the only online credit score delivery service giving consumers full access to FICO® credit scores (
• (2003) myFICO® service becomes first service offering consumers FICO® scores from all three major US credit reporting agencies, as well as three-bureau credit report.
• (2007) 100 billionth FICO® score sold, marking milestone for world’s leading credit bureau score and the standard measure of U.S. consumer credit risk.
• (2009) FICO is in over 80 countries world-wide and expanded into new markets of Russia and India.

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