FICO announced it will begin factoring Buy Now, Pay Later (BNPL) loans into scoring models. FICO, the creator of America’s most widely used credit-score system, will begin factoring Buy Now, Pay Later ...

Two of the nation’s largest credit bureaus are cutting the cost of mortgage credit scores as competition intensifies around the adoption of VantageScore 4.0.TransUnion on Monday announced it has ...

The promise of artificial intelligence in credit scoring is undeniable. By analyzing vast, non-traditional datasets from ...

Last week, the Consumer Financial Protection Bureau (CFPB or Bureau) released its latest Supervisory Highlights report, focusing on the use of advanced technologies in credit scoring models. This ...

Amid recent technological advances in artificial intelligence and machine learning, on January 17, 2025, the CFPB issued its Winter 2025 Supervisory Highlights: Advanced Technologies Special Edition.

The companies that buy up the majority of the country’s home loans will now accept a second credit scoring model for mortgages — a change that could help underrepresented borrowers qualify for ...

A lousy credit score can cost you thousands. Here are the fastest, proven strategies to boost your numbers right now.

A new study suggests that lenders may get their strongest overall read on credit default risk by combining several machine learning models rather than relying on a single algorithm. The researchers ...

FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity. The FICO Score 10 BNPL and FICO Score 10 T BNPL will ...

Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ...

A credit scoring model is a statistical tool used by lenders and credit bureaus to evaluate the likelihood of a borrower repaying their debt. These models assign a score based on factors like payment ...

Your credit score can play a surprisingly big role in your financial life. From renting an apartment to getting a cellphone ...