Show notes
FICO Plans Big Shift in Credit-Score Calculations, Potentially Boosting Millions of Borrowers
Consumers with a low FICO could get a higher UltraFICO, a new score that factors in bank-account activity as well as loan payments
In a move designed to boost approvals for credit cards, personal loans and other debt, Fair Isaac Corp. is launching a new type of credit score in 2019, the UltraFICO, which factors in bank balances as well as payment history.
Credit scores for decades have …
Consumers with a low FICO could get a higher UltraFICO, a new score that factors in bank-account activity as well as loan payments
In a move designed to boost approvals for credit cards, personal loans and other debt, Fair Isaac Corp. is launching a new type of credit score in 2019, the UltraFICO, which factors in bank balances as well as payment history.
Credit scores for decades have …