Tag Archives: personal finance

How does the new FICO Resilience Index affect me?

Consumers are being rejected for all kinds of financial products, from personal and auto loans to credit cards. The Wall Street Journal, using data from Equifax, reports that credit card approvals totaled 483,000 in the week ending May 10, compared to 856,000 in the week ending March 22. Compared to …

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FICO launches a new score that calculates financial resilience

Even before the coronavirus pandemic caused state closings and led to one of the fastest recessions in modern history, as many as 60 million Americans struggled to qualify for credit cards and loans. Early data shows that the restriction will only worsen as the pandemic continues to disrupt daily life, …

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