How will UltraFICO™ credit scoring impact your workforce?
FICO™ is changing up the traditional credit scoring system with the introduction of UltraFICO™.
The UltraFICO™ score is aimed at providing an opportunity for consumers with credit scores in the 500-600s to push their scores over a potential lender’s credit score cut-off. According to FICO™, 79 million US consumers have credit scores below 6801. Included in this demographic are the millennials. Just getting started with building a credit history, this generation’s credit scores fall within the...