When you think about the greatest invention of the 20th century, a few key technologies might come to mind: the personal computer, internet, antibiotics, or the electric guitar. But, for Douglas Merrill, founder and chief executive of Zest Finance, nothing compares to the Fico score.
“The Fico score is the most important innovation of the 20th century and no one gives them any credit for it,” Merrill told Auto Finance News. “But then, in 1980, credit availability basically just flatlines. The right question is: What happened there?”
