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» New FICO Scores Use Non-Traditional Data to Evaluate Borrowers with Scant Credit History
New FICO Scores Use Non-Traditional Data to Evaluate Borrowers with Scant Credit History
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Fair Isaac Corp. is offering a new type of FICO credit score that relies on “non-traditional sources of consumer data,” such as checking account records, to assess the credit risk of potential borrowers who have little or no credit history.