Term: Utility Bills
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New FICO Score Factors in Utilities & How Often You Move

By Steven Shaw on 4/8/2015

New FICO Score Factors in Utilities & How Often You Move

FICO, creator of some of the most widely used credit scores in the U.S., will reportedly announce a new scoring formula designed to help high-risk consumers access credit, the Wall Street Journal reported Wednesday. The model will incorporate consumers’ payment history on things like utility, cellphone and cable bills, in addition to how often a consumer changes addresses.

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Utility Bills