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Frequent Contributor

FICO C-19 Resilience Score

https://www.cnbc.com/2020/06/29/fico-launches-new-score-that-calculates-financial-resiliency.html

".....new FICO Resilience Index on Monday.....Similar to a credit score , FICO’s new index looks at credit bureau information such as how much credit consumers are using, payment history, number of accounts open, the length of your credit history and the amount you currently owe.....It ranks consumers on a scale of 1 to 99, with lower being better....."

 FICO Resilience Index ranks consumers by their sensitivity to severe economic stress. Consumers with scores in the 1 to 44 range are viewed as the most prepared and able to weather the next economic shift.

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Re: FICO C-19 Resilience Score

 

This can be advantageous to lenders and borrowers if FICO's model accurately depicts borrower's resiliency.

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