Estimated reading time: 0 minutes, 29 seconds

FICO to Launch New Versions of Credit Scores

Sunday, Jan 26 2020
Lending
Written by 

Fair Isaac Corp., the organization behind the commonly used FICO credit scores, has two new tools for lenders on the way this summer, the FICO Score 10 and the FICO Score 10 T. So reports MarketWatch.

The updates to FICO’s credit scores could amplify the differences in credit scores between people who currently have high credit scores and those who do not.

Dave Shellenberger, vice president of scores and predictive analytics at FICO, told MarketWatch the new scores will enable lenders “to make more loans to more consumers without taking more default risk.”

Read the full article from MarketWatch.

Read 1449 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Why California May Be the Best State for Your New Lending Business »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline