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"The Need to Know about UltraFICO" Tea Time

Updated: Dec 22, 2018

How can you take advantage of UltraFICO?

- Its a opt in credit model that uses information from your checking, savings, or money market accounts to supplement data already in your credit report.

Target Audience - Those with thin files or little credit history - People trying to rebuild after personal financial crisis - Individuals with credit scores in the high 500's low 600's

Example account history - No Overdraft - Average savings of $400

When can consumer expect to see UltraFICO model?

- Next year it will be piloting and not all lenders will be using UltraFICO