You pay your rent on time every month, keep your savings account padded with at least a few hundred bucks, and don’t overdraw your checking account. While these are all responsible money management habits, they haven’t actually been helping you build your credit–but that could change soon.
FICO, which is the most widely used credit score, announced that beginning in 2019, it will test a new model that takes consumer’s money management skills into consideration alongside credit responsibility.
from https://www.apartmenttherapy.com/ultrafico-new-credit-score-mortgage-263770?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+Main
from waaaay over here —> New UltraFICO Credit Score Factors in How You Manage Cash
from Sofia Consola
via New UltraFICO Credit Score Factors in How You Manage Cash
