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New scoring model??????

Ravenous Wolf

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I saw this posted on the Fair Isaac web site. I was wondering if anyone knows what this new expansion model is?


Introducing the FICO® Expansion™ Score (session 2)

This seminar will introduce Fair Isaac’s innovative new scoring solution, the FICO® Expansion score. This newest addition to the FICO risk score family is designed to help financial services providers make safe and profitable lending decisions for consumers that have little or no history with the three major credit reporting agencies.


Craig Dillon, Vice President

October 21, 2004

1:00PM - 2:00PM Pacific Time (US & Canada)

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I read about this not too long ago. From what I remember, it is designed to help those who have NO credit history at all. It takes into account things like payday loans, length of time at job, rental history and any other transactions that don't usually show up on your credit account but can show that you are responsible with your money. I'm not sure, but I think that if you already have a "history" then it won't have an effect on you.

Hope this helps!

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