FICO Launches New Score-Trends Service

FICO has launched FICO Score Trends Service v2.0, a subscription service designed to help lenders assess risk.

The new service includes state-level and standard metropolitan statistical area segmentations, which enable lenders to determine regional trends.

The tool also allows lenders to review consumer performance by earlier and later stages of risk, with the addition of 60+ day default and charge-off data to the existing 90+ day default information.

SOURCE: FICO

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