New FICO Score Uses Cash Flow Data to Expand Credit Access
FICO has launched UltraFICO Score, a FICO score that uses consumer-permissioned cash flow data from Plaid. FICO says its scores are used by 90%... read more »
Adam West is a finance editor for BadCredit.org, where he has interviewed over 500 financial experts and industry movers and shakers to report the latest information, news, and advice on topics related to helping subprime borrowers achieve greater financial literacy and improved credit scores. Adam has more than a dozen years of editing, writing, and graphic design experience for award-winning print and online publications, and specializes in the areas of credit scores, subprime financial products and services, and financial education.
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FICO has launched UltraFICO Score, a FICO score that uses consumer-permissioned cash flow data from Plaid. FICO says its scores are used by 90%... read more »
By: Lucy Lazarony • 6/9/26
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Not many parents look at a newborn and think about the baby’s retirement savings. But if they do, they may wish to open a Trump account, a new... read more »
By: Lucy Lazarony • 6/8/26
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A new mortgage pilot program offers a lifeline to homebuyers with little savings and not the best credit. These loans come with no down payment... read more »
By: Lucy Lazarony • 6/5/26
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The U.S. Department of Education is sending a second round of notices to about 7 million SAVE plan borrowers before official transition letters... read more »
By: Adam West • 6/4/26
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President Trump signed an executive order directing regulators to provide guidance on how lenders should consider immigration status — including... read more »
By: Adam West • 6/3/26
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They are 44 million strong and make up 17% of U.S. consumers. They are the people with subprime credit scores, and many have no credit cards or... read more »
By: Lucy Lazarony • 6/2/26
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Recent changes in the credit reporting and scoring systems, as well as loopholes in the reporting process, are negatively impacting subprime... read more »
By: Erica Sandberg • 6/1/26
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The Federal Housing Administration (FHA), Fannie Mae and Freddie Mac are moving toward broader use of new credit-scoring models that consider an... read more »
By: Lucy Lazarony • 5/29/26