All articles tagged with #fico
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 France 24
The Slovak parliament approved a constitutional amendment under Prime Minister Robert Fico that limits the rights of same-sex couples, emphasizes traditional gender roles, and asserts national law over EU law, sparking criticism and protests.
Originally Published 3 months ago — by ABC News - Breaking News, Latest News and Videos
Gen Z's credit scores have dropped more than any other generation due to student loan debt and economic challenges, but improving credit habits like timely payments and low utilization can help rebuild scores.
Originally Published 3 months ago — by Bloomberg.com
US consumer credit scores have declined at the fastest rate since the 2008 financial crisis, with Gen Z borrowers experiencing the largest drops due to higher utilization and delinquency rates, especially related to student loans, while the median FICO score continues to rise.
Originally Published 3 months ago — by AP News
Thousands of Slovaks protested across the country against Prime Minister Robert Fico's government, criticizing austerity measures and his pro-Russian stance, especially after his recent meetings with Putin and China, reflecting widespread dissatisfaction with his policies and leadership.
Originally Published 4 months ago — by The Kyiv Independent
Slovakia, led by Prime Minister Robert Fico, is seeking to normalize and increase its energy relations with Russia, including boosting gas imports via the TurkStream pipeline, despite EU plans to phase out Russian fossil fuels. Fico opposes EU sanctions and plans to vote against the phaseout, emphasizing Slovakia's interest in maintaining energy cooperation with Russia. The move has drawn criticism from other European countries concerned about increased reliance on Russian energy and the implications for EU unity and policy.
Originally Published 4 months ago — by The Kyiv Independent
Russian President Vladimir Putin met Slovak Prime Minister Robert Fico in Beijing, where they discussed Russia's war against Ukraine, energy cooperation, and Slovakia's independent foreign policy stance, with Putin emphasizing the importance of curbing Ukraine's access to reverse gas flows and criticizing Ukrainian strikes on Russian energy facilities.
Originally Published 6 months ago — by CNN
The stock of FICO, the company behind the widely used credit score, plummeted over 17% after the Federal Housing Finance Agency announced that lenders can now use VantageScore, a competitor, to assess creditworthiness for government-backed mortgages, potentially increasing competition and reducing costs in the mortgage industry.
Originally Published 6 months ago — by ABC News - Breaking News, Latest News and Videos
FICO is launching a new credit scoring model that will incorporate Buy Now, Pay Later loans, potentially affecting the credit scores of millions of Americans by providing a more accurate assessment of their creditworthiness, especially for younger and less established borrowers. However, adoption may be slow due to inconsistent data sharing among BNPL providers and credit bureaus, and concerns remain about the impact on vulnerable communities.
Originally Published 6 months ago — by Axios
FICO will now include buy-now-pay-later (BNPL) data in its credit scores with the launch of two new scoring models, reflecting the growing use of BNPL services and aiming to provide lenders with a more comprehensive view of consumers' repayment behaviors. While this move is seen as a modernization of credit scoring, there are concerns about the potential impact on borrowers' credit profiles due to late payments and 'phantom debt.'
Originally Published 6 months ago — by Fox Business
FICO announced it will now include buy now, pay later (BNPL) data in its credit scores, reflecting the growing impact of BNPL services like Afterpay and Klarna on consumers' financial lives and creditworthiness, enabling lenders to better assess credit risk.
Originally Published 7 months ago — by politico.eu
The article discusses Europe's reaction to U.S. political tensions, highlighting Slovak leader Fico's praise for Trump and the MAGA movement, amid protests in Slovakia defending Western alignment and tensions involving Ukraine and Slovakia's stance on Russia. It also covers broader European political developments and protests.
Originally Published 1 year ago — by CNBC
The average FICO credit score in the U.S. has dropped to 717, the first decline since 2013, attributed to high interest rates and inflation leading to more missed payments and increased debt levels. Despite this, a 717 score is still considered good, but over 18% of Americans were at least 30 days behind on credit card payments in October 2023. To improve credit scores, individuals can focus on paying bills on time, increasing credit limits, and using services like Experian Boost™ to link on-time utility and phone payments to their credit report.
Originally Published 2 years ago — by The Washington Post
Paying off a mortgage can cause a temporary drop in credit score, even for those with a perfect 850 FICO score. This is because the credit-scoring algorithm considers having a low installment-loan-balance-to-loan-amount ratio less risky than having no active installment loans at all. However, as long as positive credit behaviors such as on-time payments and manageable debt levels are maintained, the score should rebound over time. Achieving a perfect credit score is not necessary for favorable credit terms, as lenders typically have different tiers based on credit ranges.
Originally Published 2 years ago — by CNET
Achieving an 800 credit score takes time and diligence. To reach this level, you must have a nearly perfect credit history, including consistent on-time payments, low credit utilization, and a healthy mix of credit accounts. Maintaining an exceptional credit score requires monitoring your credit report regularly, reporting your bills to your credit file, and avoiding errors. An 800 credit score can lead to many benefits, such as lower rates, better credit card offers, and lower insurance premiums.