The history of the credit scores

Bill Fair and Earl Isaac developed credit scores in the 1950s to create a standard system to measure credit. They called it Fair, Isaac, and Company, known as FICO. Another credit score is the Vantage Score.

Both FICO and Vantage Score base their scores on analysing each credit report as collected by the three major credit reporting agencies: Experian, Equifax, and TransUnion. But FICO and VantageScore use different methods for a credit score, taking various data into account.