Since it was created, the FICO score has been based only on consumer credit history. The score uses past credit information that's compiled by major credit bureaus to calculate a credit score that predicts a consumer’s likelihood of defaulting on a new credit or loan obligation. Next January, FICO plans to release the UltraFICO score, a score that could make it easier for millions of borrowers to qualify for loans they wouldn’t otherwise be able to qualify...
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Great write up! Appreciate knowing what is coming and how it will work. Likely this new credit tool will benefit people that have ... Read More
Wednesday, 24 October 2018 04:30
Indeed, this will likely provide many responsible and financially independent people a more accurate credit score. Excellent news,... Read More
Friday, 26 October 2018 22:18
Very very good news! I had heard this was coming down the pipeline. Thank you for summarizing Latoya!
Monday, 29 October 2018 11:50
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