Will Credit Bureaus New Scoring Model Help You? Not Really, Fico Resilience Index is for lenders to use. Pilot program is going on now.
In the video at the bottom of the page I go over the new pilot program called the Fico Resilience Index. In my opinion just another way to try to reduce customers credit scores so we pay higher interest for credit. Just like the Fico 10 and Fico 10t they came up with to go back 24 months. Another metric is trying to be implemented. Please watch the video at the bottom of the page to get informed or go to see the video here: https://youtu.be/dw6wPA3cOsg
💥Fico Resilience Index information: https://www.fico.com/blogs/fico-resilience-index-now-available-lenders-pilot
💥Experian information on the Fico Resilience Index: https://www.experian.com/consumer-information/fico-resilience-index
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