Experian Boost

Experian Boost

Experian recently announced a new program that will help consumers who don’t have any credit scores. The program is called Experian Boost. Until now utility bills and phone bills payments were not counted into the scoring models. This was affecting a lot of consumers...
Leaked Fico Document – Reasoning Codes

Leaked Fico Document – Reasoning Codes

Which Factors Does Fico Use To Calculate Your Credit Score In this day in age, where transparency is at a very high level, it may sound very shocking to you, but the formula for the Fico scoring model (a scoring model which is used in 90% of mortgage-lending...
Leaked Fico Document – Reasoning Codes

Fico XD- Introducing Alternate Data

Traditional Fico scoring models only factor in information found on a consumer’s credit report. A traditional Fico score can only be generated if the consumer has at least one recent trade line that is open for more than six months on his credit report. This approach...