You already know to
think twice before posting pictures and stories about your wild Saturday night
to Facebook. Recent headlines like this one in The Financial Times might have
given you more reason to hold off:
.
Not so fast, says FICO,
the most widely used credit score.
What it and others in
the industry are doing instead is looking at alternative data, such as phone
and utility bills and property and other public records, in addition to the
traditional sources used to determine a credit score, like credit card,
mortgage and auto loan payments.
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