New UltraFICO Score Coming

posted by Nathalie Rodriguez - 

There's a new type of credit score coming out that could help people with bad or no credit qualify for loans.  FICO, which created the scores most people are familiar with, said the new score will look at how you manage checking and savings accounts, along with other financial activity.  

It could help some people obtain new lines of credit, thanks to what's being called the UltraFICO score.  

The pilot program starts next year.

 

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