WSJ Your Money Briefing

Lenders Rely Less on FICO Score to Determine Creditworthiness

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.
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Your Money Briefing is your personal-finance and career checklist, with the news that affects your money and what you do with it. From spending and saving to investing and taxes, the Wall Street Journal’s finance reporters and experts break down complicated money questions every weekday to help you make better decisions about managing your money. Hosted by J.R. Whalen.