You remember the old days of banking, right? We're talking the mid-1950s: The days where you'd walk in, shake the hand of a man in professional suit and tie, sit across the table and hash out all the details of the things that you need to discuss. If the banker knew you, had some sort of third-party connection to you, or knew your reputation then it's likely they'd count you as trustworthy, agree to a loan with you and do business with you – regardless of whether or not you planned to pay back the loan. That approach, antiquated and traditional, seems to have become branded as an unfair model. That's when FICO developed a credit ranking system that's widely known and trusted today.