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What makes the new FICO® score better?
How can improvements to the FICO® score help businesses and borrowers? Through rigorous analysis of new data samples, FICO™ has been
able to increase the predictive power of the FICO® score by 5-15% for some consumer segments, which means smarter lending decisions. In
addition, the new FICO® 08 score has a better way to avoid fraud from authorized user accounts, while enabling individuals to build
their credit through becoming an authorized user on a spouse or parents account. These are among the improvements to the FICO® 08
score, which is available now to credit grantors from TransUnion, and coming soon to Equifax and Experian. Darcy Sullivan of FICO™
interviews Lisa Nelson, FICO™ vice president of Scoring Solutions for this FICO Tech Talk.
Channel: People & Blogs
Author: FICOTechTalk
Length: 06:29
Rating: 5.0
Views: 1590
Tags: decision management Fair Isaac FICO FICO 08 credit scoring credit risk lending authorized users predictive analytics tech talk Lisa Nelson
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