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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wirecard stock: Robinhood traders think it's a toxic dud - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. to merge with Waste Management?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Autonomous Zen Work Pod self-contained office on sale for $15,000 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I want to believe but this really reads like just more tinyhouse snake oil. This is what people buy to appear interesting. But never use. This is just absolutely ridiculous.
Source: BusinessInsider - 🏆 729. / 51 Read more »
What it's like to fly out of LaGuardia Airport's new Terminal B - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Looks like they’ve done a sterling job with the upgrade. LaGuardia looks set to toss off its bad reputation & become popular. Gasp! We're thrilled we had the chance to host in the terminal to see our new Arrivals & Departures Hall!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Boohoo investigates working conditions at supplier's factory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I'm forbidden by the hidden red book.I want honour back. Ah, yese iyo...ndipei hangu The reason why these companies move their manufacturing facilities to certain countries is precisely because their production costs are much lower than those in the UK. To suggest that they don't know what they're paying their workers is absolute bullshit....
Source: BusinessInsider - 🏆 729. / 51 Read more »
Susan Rice on Russia bounties: Trump doing 'arch-adversary's bidding' - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. haha. Russia Russia Russia. Still the Democrats are crying. lol She is a US permanent state shadow government establishment swamp creature parroting the official explanations and establishment narrative.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top business news: Tech salaries, Conde Nast video, clean energy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »