Fico: It’s Failure, Evolution & What It Means

Fico: It’s Failure, Evolution & What It Means

What started out as Fair, Isaac and Company, FICO, the analytics company and their omnipotent FICO Score has come to dominate many parts of our life. Want a mortgage? FICO. How about a car loan? FICO. Maybe refinance that student debt? FICO. The list goes on and on. But what exactly is a FICO Score, where do they come from and more importantly, do they […]

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Managing Debt: Over-levered & Under-saved

Managing Debt: Over-levered & Under-saved

Carrie Schwab-Pomerantz states “having a plan on how you’ll pay off the debt can keep you focused on what it will take to attain ‘financial freedom’”. THE CURRENT DEBT SITUATION Did you know that total household debt balances increased by $193 billion in the fourth quarter of 2019, and now stand at $14.15 trillion? To put things into perspective: balances have grown $1.5 trillion higher […]

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