All articles tagged with #credit bureaus
Originally Published 15 days ago — by Yahoo Finance
Reporting rent payments to credit bureaus can help renters build credit and improve their financial prospects, but mistakes like late payments can harm their credit and housing opportunities. The trend is increasing, especially with new federal guidelines, but renters should be cautious to ensure accurate reporting and maximize benefits.
Originally Published 3 months ago — by CNBC
Fair Isaac (FICO) announced a new pricing model allowing mortgage lenders to bypass credit bureaus and license scores directly to borrowers, leading to a 20% stock surge and potentially reducing credit bureau influence, while also offering more pricing options to improve economics and competition.
Originally Published 3 months ago — by Investor's Business Daily
FICO's announcement to provide its credit scores directly to mortgage industry players led to a 15% surge in its stock, while shares of credit bureaus like Equifax dropped significantly, reflecting a shift towards more direct and transparent credit scoring processes in the mortgage sector.
Originally Published 3 months ago — by Barron's
Fair Isaac introduces new pricing models allowing lenders to directly access FICO scores, bypassing credit bureaus, leading to a 24% surge in its stock price while credit bureau shares decline, aiming to increase transparency and reduce costs in mortgage lending.
Originally Published 3 months ago — by Sherwood News
FICO has launched a new program allowing resellers to directly distribute FICO scores, bypassing traditional credit bureaus, which is expected to cut costs by about 50% and impact the stock prices of credit bureaus and related financial companies.
Originally Published 2 years ago — by The New York Times
"Buy Now, Pay Later" loans, which allow consumers to pay for purchases in installments, have surged in popularity during the pandemic as online shopping increased. However, economists are concerned that these loans may be encouraging younger and lower-income Americans to take on excessive debt. Since pay-later loans are not routinely reported to credit bureaus, they represent a hidden source of risk to the financial system. While traditional measures of consumer credit indicate overall healthy household finances, the rapid growth of pay-later loans could be masking cracks in Americans' financial well-being.