All articles tagged: “Credit Scores”

(160 total)

Blog

475 views

3 min read

Opinion: No More Blind Spots — BNPL Data in Credit Scores Is a Win for Risk and Inclusion

Opinion: BNPL in Credit Scores: A Win for Risk and Inclusion

If I were a subprime lender, I would be popping champagne bottles right now. Finally FICO, which produces the most widely used credit scores, has... read more »

By: Erica Sandberg • 7/16/25

Blog

3,366 views

3 min read

Opinion: Credit Scores Reflect More Than Risk — They Reflect Mental Strain; Lenders Must Respond

Opinion: Credit Scores Reflect Mental Strain, Too

It may not be a tremendous leap to assume that people who have low credit scores also suffer from higher levels of depression and anxiety than... read more »

By: Erica Sandberg • 7/8/25

Blog

4,260 views

3 min read

Study Finds Cash Flow and Machine Learning Models Unlock Fairer, Safer Credit Approvals

Study Says Cash Flow, Machine Learning Boost Credit Approvals

More accurate, more inclusive credit scoring isn’t a zero-sum game when risk is concerned. That’s what FinRegLab’s new empirical study found when... read more »

By: Eric Bank • 7/3/25

Blog

2,805 views

3 min read

CFPB Finds Credit Invisibility Far Rarer Than Thought; Spotlight Now on Unscored Americans

CFPB Shifts Attention from Credit Invisibles to Unscored

In 2015, the Consumer Financial Protection Bureau reported that more than 25 million Americans were credit invisible — meaning they did not have... read more »

By: Eric Bank • 7/1/25

Blog

10,450 views

3 min read

VantageScore Leverages Open Banking to Reclassify Millions of Risk-Tiered Borrowers

VantageScore Uses Open Banking Data to Reclassify Borrowers

Two pilot programs using VantageScore’s new VantageScore 4plus™ model that leverages alternative open banking data showed significant... read more »

By: Eric Bank • 6/24/25

Blog

4,788 views

3 min read

FICO Adds BNPL Data to Scores, Redrawing the Lending Map

FICO Adds BNPL Data to Scores, Redrawing the Lending Map

FICO, the leading credit scoring company in the U.S., is launching two revised models this fall that include Buy Now, Pay Later (BNPL) loans.... read more »

By: Eric Bank • 6/24/25

Guide

11,754 views

9 min read

How to Check Your FICO Score and VantageScore for Free

How to Check Your FICO Score and VantageScore for Free

When you apply for any form of credit, whether that be a credit card, a mortgage loan, or an auto loan, it is almost a certainty that one or more... read more »

By: John Ulzheimer • 6/19/25

Blog

12,274 views

3 min read

Equifax Unveils an Interactive Credit Tool to Guide Borrowers — and Challenge Rivals

Equifax Unveils Credit Tool to Guide Borrowers and Challenge Rivals

Equifax is counting on personalization once again with the launch of its Optimal Path™ Interactive Score Planner. It helps consumers map the... read more »

By: Eric Bank • 6/18/25

Blog

6,512 views

1 min read

Blockchain Credit Bureau Launch Is New Tool for Subprime Underwriting

Keeta & Solo Launch First-Ever Blockchain Credit Bureau

Keeta, a startup funded by former Google CEO Eric Schmidt, has collaborated with digital wallet provider Solo on a blockchain-based, native... read more »

By: Eric Bank • 6/17/25

Blog

7,095 views

3 min read

An Oregon Bill Could Insulate Credit Scores From the Bite of Medical Debt

An Oregon Bill Could Shield Credit Scores from Medical Debt

Oregon lawmakers passed a bill that would shield credit reports from medical debt preventing debt collectors, hospitals and clinics from... read more »

By: Eric Bank • 6/11/25

Blog

17,663 views

3 min read

Experian and Plaid Partner to Deliver Real-time Cashflow Insights for Smarter Credit Decisions

Experian and Plaid to Deliver Real-time Cashflow Insights

Real-time cash flow information is the place to be right now, and Experian is anxious to lead the charge. Under the new partnership between... read more »

By: Eric Bank • 6/5/25

Blog

15,725 views

3 min read

Credit Scores Drop as Defaults in Student Loans Take Effect

Credit Scores Drop as Defaults in Student Loans Take Effect

Student loan borrowers who fell behind on payments once the pandemic pause was over are beginning to see the effects on their credit histories.... read more »

By: Eric Bank • 6/2/25

Blog

11,913 views

3 min read

Achieve Leverages FICO Score 10 T to Boost Personal Loan Availability

Achieve Leverages FICO Score 10 T for Personal Loan Availability

More people in the U.S. are missing out on mainstream credit offerings due to rigid scoring systems that fail to capture the full picture of... read more »

By: Eric Bank • 5/15/25

Blog

15,180 views

1 min read

TransUnion to Pay $23M to Settle Credit Report Dispute Case as Federal Watchdog Closes Another Case

TransUnion to Pay $23M to Settle Credit Report Dispute Case

The recent announcement of a $23 million class action settlement writes a fresh chapter in the legal history of TransUnion, resolving allegations... read more »

By: Eric Bank • 5/13/25

Blog

23,958 views

3 min read

No Cushion, Big Trouble: 1 in 5 Cannot Cover a Week of Living Expenses

1 in 5 Cannot Cover a Week of Living Expenses

The majority of consumers are living with no room for mistakes, and many are one car repair or one medical bill away from economic ruin,... read more »

By: Eric Bank • 5/8/25

Blog

17,264 views

3 min read

Automation Meets Advocacy: A Revolution in DIY Credit Repair

Automation Meets Advocacy: A Revolution in DIY Credit Repair

The new Credit Repair Automate site is designed to place the user in command of a procedure that has long demanded expensive assistance. It has... read more »

By: Eric Bank • 5/8/25

Blog

17,196 views

3 min read

More Lenders are Turning to VantageScore as Usage Climbs 55% Over a Year

More Lenders are Turning to VantageScore as Usage Climbs 55%

Use of VantageScore credit scores increased by a staggering 55% from 2023 levels to a new record of 42 billion scores delivered throughout the... read more »

By: Eric Bank • 4/29/25

Blog

14,456 views

3 min read

Credit Union Borrowers Seek More Credit Despite Lower Scores

Credit Union Borrowers Seek More Credit Despite Lower Scores

Credit unions differentiate themselves from large banking institutions through their membership structure, community-oriented services, and... read more »

By: Eric Bank • 4/28/25

Blog

23,902 views

3 min read

Trained on Post-Pandemic Data, VantageScore 5.0 Breaks New Ground in Credit Modeling

VantageScore 5.0 Breaks New Ground in Credit Modeling

The newest version of the VantageScore model, Version 5.0, arrived on the market with a bundle of changes designed to make credit risk prediction... read more »

By: Eric Bank • 4/21/25

Blog

31,958 views

5 min read

Credit Insecurity on the Rise: What Subprime Lenders Need to Know

What Subprime Lenders Need To Know About Credit Insecurity

Millions of Americans are encountering ever-increasing barriers to credit access, despite traditional credit scores improving. That is the... read more »

By: Eric Bank • 4/18/25

Blog

32,022 views

3 min read

Average FICO Score Drops to 715 as Student Loan Delinquencies Rise

Student Loan Delinquencies Drop Average FICO Score

The average U.S. FICO Score dropped to 715 in February 2025, marking a two-point decline since last April and signaling the first notable dip in... read more »

By: Eric Bank • 4/17/25

Blog

36,924 views

3 min read

One Year of OneTru™: TransUnion’s Identity Tech Finds Its Stride in Its First 12 Months

One Year of OneTru™: TransUnion's Identity Tech Finds Its Stride

The world of lending never stands still, particularly when it comes to verifying an individual’s identity.  In the modern age, methods used to... read more »

By: Eric Bank • 4/14/25

Guide

36,162 views

11 min read

What is Financial Wellness? Why Money Management is Important to Your Overall Health

What is Financial Wellness? Why Money Management is Important

I’ve been financially well, and I’ve been stretched thin. Believe me, the former is so much more comfortable than the latter. Sure, there’s the... read more »

By: Eric Bank • 4/8/25

Blog

19,063 views

3 min read

Opinion: I’m Slightly Offended That My Credit Report is Lying About Me

Opinion: I’m Slightly Offended That My Credit Report is Lying About Me

When it comes to credit card holder archetypes, two sets of consumer groups exist: revolvers and transactors. Both are attractive to lenders, but... read more »

By: Adam West • 3/31/25

Blog

28,016 views

3 min read

In a Move Toward Open Banking, Experian’s Cashflow Score Ushers in a New Era of Creditworthiness

Experian's Cashflow Score Ushers in a New Era of Creditworthiness

Experian has introduced a game-changing tool for consumer lending: the Cashflow Score.  In a move that signals the growing strength of open... read more »

By: Eric Bank • 3/31/25