News

New credit scoring model for mortgages could help more people buy homes
Fannie Mae and Freddie Mac will accept a credit scoring model for mortgage applications that captures rent and utility ...
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What’s the Difference Between FICO and VantageScore?
So, it’s no surprise that people want to know more about two popular scores: the FICO score and VantageScore. Read on to ...
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‘Buy now, pay later’ purchases can now affect your credit score. Here’s what that means
A FICO score is used by lenders to assess your creditworthiness and decide whether to offer you a loan or a credit card, and ...
Credit scores will get a buy-now-pay-later update. Here’s what that means.
With BNPL loans exploding in popularity, a change is coming to credit scoring that shows just how mainstream they have become ...
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Average FICO score hits record high—here's the average credit score ...
The average FICO score hit a record high of 703 in 2019. CNBC Select breaks down the average credit score in every state according to the 2019 Experian Consumer Credit Review.
Pulte Updated the Credit Score Policy for Mortgages. That Hit FICO Stock Today.
FHFA Director William Pulte said that lenders may now use VantageScore 4.0, an alternative to the FICO score, while assessing ...
Fannie and Freddie may use new credit scores. Will it help you get a mortgage?
The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for ...
New FICO Credit Scores Incorporate Buy Now, Pay Later Transactions
FICO launched two credit scores that incorporate consumers' record of paying back buy now, pay later loans, the analytics company said Monday. BNPL providers have historically not had a consistent ...