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Tuesday, April 07, 2009

New FICO Scores Could Predict Up to 15% More in Auto Loan Delinquencies

MINNEAPOLIS — FICO recently announced the release of its newest scores, which are targeted specifically for the auto lending and bankcard industries. Credit reporting agency TransUnion is making the scores available to lenders and issuers under the names FICO Risk Score, Classic Auto 08 and FICO Risk Score, Classic Bankcard 08.

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