The Personal Side of BusinessDecember 01, 202500:00:32

📉 From 15% to Today: How Credit Scores Changed Everything in Lending

Name: 📉 From 15% to Today: How Credit Scores Changed Everything in Lending
Uploaded: 2025-12-01T00:34:52.000Z
Duration: 32
Description: Back in the 1980s, lenders didn’t even use FICO scores — borrowers were judged as A, B, C, or D based on credit history alone. Interest rates were sky-high at...

Back in the 1980s, lenders didn’t even use FICO scores — borrowers were judged as A, B, C, or D based on credit history alone. Interest rates were sky-high at 14–15%! In this clip from The Personal Side of Business, we break down how credit scoring reshaped the lending industry and transformed how we determine interest rates today.

#Finance #CreditScore #FICO #InterestRates #LendingIndustry #ThePersonalSideOfBusiness #JetBunditwong #BusinessPodcast #MoneyTalk