Modernizing Credit Scoring for the BNPL Era
Learn how FICO® Score 10 BNPL and FICO® Score 10T BNPL will incorporate BNPL accounts within credit reporting frameworks
Has the Reporting of Rental Data to the Credit Reporting Agencies (CRAs) Increased?
FICO Score 10T includes rental data, but consumers can only experience the benefit of this to the extent that their rental data is reported to the CRAs
Credit Union Borrowers Use and Seek Credit More Than National Bank Borrowers
Credit union lenders need to be mindful of balancing opportunity and risk with their credit decisions
Student Loan Delinquencies Lower the Average FICO Score to 715
New reporting of student loan delinquencies among key drivers of the downward shift of credit scores
Average U.S. FICO® Score stays at 717 even as consumers are faced with economic uncertainty
Inflation fatigue puts more borrowers under financial pressure
Credit Union Borrowers’ Average FICO Score Slightly Decreased over the Last 2 Years
Debt and missed payments continue to rise, contributing to a change in the average
FICO Fact: You Can Have No Debt and a High Credit Score!
People with no current debt can – and often do - have a credit score higher than the national average
Evaluating the inclusion of BNPL data in FICO® Scores
FICO is working with major Buy Now Pay Later service provider to thoroughly analyze new credit data source
Average U.S. FICO Score at 717 as More Consumers Face Financial Headwinds
Outlier or Start of a New Credit Score Trend?
Average U.S. FICO Score at 718
Multiple Factors Impacting Scores, as Missed Payments and Consumer Debt Continue to Rise
Consumers prioritize auto over mortgage payments
What are the drivers behind this consumer shift in the loan payment hierarchy to pre-pandemic norms and is it likely to last?
Increased debt load poses risk to student loan borrowers
Student loan borrowers’ increasing debt trajectory through the pandemic has been outpacing that of non-student loan borrowers
Student loan borrowers at risk of delinquency when payments resume
Student loan borrowers already exhibiting higher delinquency rates than they did pre-pandemic on some credit products
Digital Transformation and the Future of Insurance
Two surveys of insurance industry executives show the challenges in insurers' digital transformation initiatives - here's how a platform approach closes the gaps
Consumers Prioritize Mortgage Payments Over Auto
What are the drivers behind this mortgage and auto loan payment hierarchy behavioral shift and is it likely to be a lasting trend?
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