Credit Cards Blog

Finance Blogs » Credit Cards » Live interview with FICO

Live interview with FICO

By Leslie McFadden · Bankrate.com
Monday, May 9, 2011
Posted: 1 pm ET

You may know your own credit score, but did you know that current regulations and recent trends in the financial industry are changing the way your score is viewed, disclosed and even computed?

For instance, new risk-based pricing rules that took effect Jan. 1 require lenders to provide certain disclosures to consumers when they apply for and are approved for credit. In some cases, the disclosure will include a free credit score, along with contextual information.

On the scoring frontier, Experian, one of the three major credit-reporting agencies, recently announced that it would start including positive rental payment data in its credit files. For the first time, paying your rent on time could help you build or establish a credit score.

So what do the latest regulations and trends mean for you and your three-digit credit rating? At 2 p.m. EDT, Monday, May 16, Bankrate will hold its first-ever live interview with FICO, the company that created the FICO credit score. I will be interviewing FICO's Careen Foster and covering such topics as the Credit CARD Act, the risk-based pricing rules, the inclusion of alternative data in credit scores and building a credit score in the current lending climate. We'll take your feedback and questions along the way.

Set up an event reminder today.

Follow me on Twitter: @ccadviser

«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
1 Comment
S
May 16, 2011 at 12:55 pm

Credit score means nothing. You still can't get the advertised rate.