Friday, November 24, 2006

Its Not Your Father's FICO, Son

It used to be a 'letter of credit' and a good word from a vendor or two were the only things you needed to get a loan. These days, in many ways, its just as lenient but the myriad of interconnected data reporting hybrids that are pinging (and analyzing) your personal history will make your head spin. I found this piece on Smartmoney.com.

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