Wsj Your Money Briefing

Lenders Rely Less on FICO Score to Determine Creditworthiness

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The FICO three-digit credit score is becoming a smaller factor for banks in making consumer-credit and underwriting decisions. Reporter AnnaMaria Andriotis tells host Charlie Turner that banks have started using their own scoring systems based on their own internal data. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.