AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.accessmylibrary.com/coms2/summary_0286-14380996_ITM" title="Facts and information about Credit scores for consumers with non-traditional credit histories.(nationwide news)">Credit scores for consumers with non-traditional credit histories.(nationwide news)</a>

Close Set up an RSS feed that alerts you when new articles from Community Banker are available.

Frequently asked questions about RSS feeds

Credit scores for consumers with non-traditional credit histories.(nationwide news)

Community Banker

| October 01, 2004 | Copyright America's Community Bankers Feb 2009. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

A new rating from Fair Isaac Corp., the company behind the FICO credit score, could help banks "confidently expand into previously untapped population segments," according to the firm.

The new credit score, called the "FICO Expansion Score," uses non-traditional sources of consumer data to assess the credit risk of adults who have minimal or no credit history on file. The score takes into account things like overdraft behavior, deposit accounts, payday loans, and product purchase payment plans.

"There are 54 million consumers that can't produce a 'classic' credit score," said Craig Watts, public affairs manager for Fair Isaac. "FICO expansion scores will soon…

View articles courtesy of your local library

Related articles from newspapers, magazines, journals, and more


Study Validates Use of Fair Isaac Expansion Score.: News wire article from: Mortgage Line Kersnar, Scott January 4, 2007 700+ words
...MINNEAPOLIS -- Fair Isaac Corp. here...that its FICO Expansion score reliably and...announcement. FICO Expansion score taps nontraditional...requirements. "What Fair Isaac has done is...By using FICO Expansion score for these consumers...


Magnum Communications to Distribute Fair Isaac's FICO Expansion Score.: Press release article from: Business Wire December 17, 2007 700+ words
...will distribute Fair Isaac's FICO([R...institutions. FICO Expansion score assesses the credit...incorporate FICO Expansion score into their current...strategies." FICO Expansion score aligns with Fair Isaac's industry...


MicroBilt Tapped to Resell Fair Isaac's FICO Expansion Score.: Press release article from: Business Wire February 10, 2005 700+ words
...first reseller of Fair Isaac's FICO(R...industry. FICO Expansion score taps non-traditional...vice president of Fair Isaac Credit Services, Inc. "FICO Expansion score is the only credit...that relate to Fair Isaac, including statements...regarding its FICO ...


Fair Isaac and PRBC Team Up to Enhance Credit Risk Tools Used by Mortgage...: Press release article from: Business Wire November 14, 2007 700+ words
...history. PRBC Credit Report with FICO Expansion Score combines Fair Isaac's FICO Expansion Score with the underlying, comprehensive...verified rent and bill payment data to Fair Isaac's FICO Expansion Score and associated credit report, we...


Fair Isaac expands FICO for credit-underserved market.(Business Alert)(FICO...: Magazine article from: Mortgage Banking September 1, 2004 700+ words
...consumers, according to Fair Isaac. The FICO Expansion score can tap nontraditional...compliant subsidiary, Fair Isaac Credit Services...deliver the FICO Expansion score capability. While...not, according to Fair Isaac. Lenders in the...


Fair Isaac, PRBC team up to deliver new credit-risk tool.(TechNewz): Magazine article from: Mortgage Banking January 1, 2008 700+ words
...history. PRBC Credit Report with FICO Expansion Score combines Fair Isaac's FICO Expansion Score with the underlying, comprehensive...verified rent and bill-payment data to Fair Isaac's FICO Expansion Score and associated credit report, we...


VANTAGESCORE PLANS BRAND CAMPAIGN; FAIR ISAAC FIRES BACK.(Brief article): Newspaper article from: Cardline November 10, 2006 700+ words
...s no merit to it," he says of the suit. Fair Isaac today announced that its FICO Expansion credit...include immigrants and young adults, says Fair Isaac. Fair Isaac evaluated its Expansion score with the participation of issuers HSBC and...


FAIR ISAAC'S NEW SCORING MODEL WILL TARGET THOSE WITH LITTLE OR NO CREDIT...: Newspaper article from: Cardline July 30, 2004 700+ words
Fair Isaac Corp. yesterday introduced the FICO Expansion score, a new credit...according to Fair Isaac estimates. Craig...subsidiary called Fair Isaac Credit Services Inc. will operate the Expansion score. Copyright 2004...


Fair Isaac Repurchases $9 Million in Notes from Certain Holders of its 1.5%...: Press release article from: Business Wire August 14, 2007 700+ words
...events or circumstances. Fair Isaac, however, reserves...time for any reason. Fair Isaac, FICO, myFICO, FICO...Strategy Machine, FICO Expansion score, and PreScore are trademarks...registered trademarks of Fair Isaac Corporation in the United...


Fair Isaac Announces Receipt of Repurchase Option Exercise Notices from Certain...: Press release article from: Business Wire August 9, 2007 700+ words
...events or circumstances. Fair Isaac, however, reserves...time for any reason. Fair Isaac, FICO, myFICO, FICO...Strategy Machine, FICO Expansion score, and PreScore are trademarks...registered trademarks of Fair Isaac Corporation in the United...

For more facts and information, see all results

The AccessMyLibrary advertising network includes: