- Lenders utilize FICO scores to determine eligibility for loans.
- Lenders utilize FICO scores to determine eligibility for loans.
- Lenders utilize FICO scores to determine eligibility for loans.
- Lenders utilize FICO scores to determine eligibility for loans.
Upstart began utilizing non-traditional data sources instead of relying solely on FICO scores for lending decisions.
3 reports, 3 independent
Updated Aug 20
Gone quiet
Reached 3 outlets in its first 24 hours
- Reports
- 3
- Developments
- 3
- Repetition
- 33%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Upstart began utilizing non-traditional data sources instead of relying solely on FICO scores for lending decisions.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Upstart asserts that the FICO scoring system is outdated.Sub-event
Upstart shifts lending criteria away from FICO scores to non-traditional data.1 source
RadCred is moving away from FICO scores for its underwriting process.1 source
Keep exploring
Part of
Lenders utilize FICO scores to determine eligibility for loans.Also in this story
- FICO scores are being used by credit card issuers to determine eligibility for balance transfer cards.
- MRC rates are now based on the assumption that applicants maintain FICO scores of 620 or higher.
- Weber reports on higher mortgage score unit prices and market conditions discussed in Lansing.
- The NAR settlement requires buyer-broker agreements before showings and raises buyer cash requirements for FHA/VA/USDA buyers.
Within Lenders utilize FICO scores to determine eligibility for loans.
The entities involved
Coverage
Newest first; wire copies grouped- Motley FoolWhere Will Upstart Stock Be in 5 Years? Upstart's stock still trades more than 80% below its all-time high. Higher interest rates throttled its marketplace's growth in 2022 and 2023. But its growth i
- Insider MonkeyUpstart Holdings, Inc. (UPST): A Bull Case Theory We came across a bullish thesis on Upstart Holdings, Inc. on TickerTrends Research’s Substack by TickerTrends. In this article, we will summarize the
- GlobeNewswireUS 1 Hour Payday Loans With No Credit Check Guaranteed Approval -RadCred Launches New Features for Instant Loan for Bad Credit in 2025 New platform connects U.S. borrowers to 1hour payday loans no cr