Request Line: (870) 277-1080 [email protected]
Text Your Gift to KLEK1 to 44-321 LEARN MORE

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

New Credit Scoring System Expected in 2019

Written by Alfred Edmond Jr.

November 15, 2018

A new FICO credit scoring system is expected to debut in early 2019—and it may lead to a boost in your credit.

The Fair Isaac Corp., the originators of the FICO Score, is planning to create a more holistic credit scoring method. Traditionally, a borrower’s credit-worthiness has been calculated based on payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%), and credit mix (10%). Now, Fair Isaac Corp. will factor in a person’s ability to manage liquid assets such as checking, savings, and money-market accounts.

Click ▶️ to hear Alfred Edmond, Jr.’s Money Matters report:


Original article source: http://aurn.com/new-credit-scoring-system-expected-in-2019/ | Article may or may not reflect the views of KLEK 102.5 FM or The Voice of Arkansas Minority Advocacy Council

0 0 vote
Article Rating

Related Articles

65th Anniversary of the Montgomery Bus Boycott

On December 1, 1955, Rosa Parks, who was a member of the NAACP,refused to give up her seat to a white man on a Montgomery bus. Shewas arrested and fined. Read more

World AIDS Day 2020

Today is World AIDS Day, which began in 1988. This day is dedicated toraising awareness of the AIDS pandemic caused by the spread of HIVinfection and mourning those who have Read more

San Francisco Police Officer Charged with Murder of Unarmed Black Man

For the first time in San Francisco’s history, an on-duty cop has been charged with homicide for fatally shooting an unarmed Black man According to CNN, former San Francisco officer Read more

Mr. Dinkins, Would You Please Be My Mayor?

David Dinkins, the first and only Black mayor of New York City, has passed at 93. Born in Trenton, New Jersey in 1927, Dinkins was an HBCU gradof Howard University Read more

Comments

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Your Community Radio Station is possible thanks to this supporter!  Become an underwriter.

Pin It on Pinterest