Get Create High Credit Score Ghosts In Bureaus Systems"

The start of the credit score In 1956, engineer Bill Fair teamed up with mathematician Earl Isaac to create Fair, Isaac and Company, with the goal of creating a standardized, objective credit scoring system.

A 900 credit score may be the highest on some scoring models, but this number isn't always possible. Only 1% of the population can achieve a credit score of 850, so there's a certain point where trying to get the highest possible credit score isn't realistic at all.

3 things you should do if you have no credit history Become an authorized user. One of the quickest and easiest ways to build credit is by becoming an authorized user on a family member's or friend's credit card. ... Apply for a secured credit card. ... Get credit for paying monthly utility and cell phone bills on time.

Another way to start your credit history off with a boom is to make sure that all other bills you have are paid on time. If you don't have any loans or credit cards on your credit reports, make sure that you don't get negative or collection accounts listed on there that can bring your ghostly reports down.

Ghost credit or debit cards are randomly generated numbers that are assigned to individual departments. Employees who work in those departments are able to use the ghost numbers to make purchases, which are then charged to the departments.

In 1989, FICO worked with the national credit bureaus to create a credit scoring model that could be used to evaluate all consumers — this is when the first generalizable credit score was born.

Although various methods of estimating creditworthiness existed before, modern credit scoring models date to 1958, when Bill Fair and Earl Isaac created Credit Application Scoring Algorithms, their first credit scoring system.

Introduced in 1989, the first broad-based consumer credit score, the FICO Score changed the lending landscape for good. Previously, there was no standard system based on credit bureau data, hence there was a lot of paperwork to get a credit card or a loan.