FICO launches consumer resilience score

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By Jennifer Kang
29 Jun 2020

FICO on Monday released a new scoring tool to help lenders gauge the resilience of consumers in an economic downturn, though sources say it could take up to six months from the end of government support programs before the data can be usable as current data is obscured by a range of debt forbearance policies.

FICO's Resilience Index is an analytics tool that aims to distinguish among consumers that are more likely to weather a downturn by reviewing factors like debt payment history, experience with credit, debt consolidation and active account openings, Sally Taylor, vice-president of FICO Scores, told GlobalCapital.

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