What is the FICO Resilience Index and how does it work? - Business Insider

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The new FICO Resilience Index is designed to predict what would happen to your credit during an economic downturn

Ulzheimer says that "this new tool, while carrying the same FICO brand, isn't the same thing as the garden-variety FICO credit score that has been commonly used for the better part of the last three-plus decades."is designed to show a consumer's current credit risk.

Lenders are likely to continue using the existing FICO and VantageScore credit models in addition to the new FICO Resilience Index. The newer resilience score can be used for forward-looking credit risk, while the older models give a more current view of a customer's credit risk. "Like most products that predict a consumer's credit risk, the FICO Resilience Index will help some consumers and hurt others. If your FICO score is in good standing, you're likely to perform well on FICO's Resilience Index," Black says.

 

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