Topic: How To Invest

Stock Pickers Digest Hotline – Friday, October 26, 2018

Article Excerpt

FAIR ISAAC CORP., $189.88, symbol FICO on New York, is best known for its FICO Scores software. That lets lenders make better decisions about customer creditworthiness. The company also makes programs that help credit-card issuers reduce fraud and analyze the spending patterns of cardholders. Fair Isaac plans to launch a new scoring system in early 2019 aimed at people who haven’t borrowed money or used credit cards. As a result, they have only a limited credit history. The UltraFICO Score is aimed at boosting the number of approvals for credit cards, personal loans and other debt by taking into account a borrower’s history of cash transactions in their chequing, savings and other accounts. This could indicate how likely they are to repay. Lenders are looking for ways to expand loan approvals at a time when consumer loan balances—including for credit cards, auto loans and personal loans—are already at record highs. On the other hand, unemployment is low, and the overall ability to repay…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.