Back to Blog
Yep here is a new one for you, and it came about because of the economy, its called the Resilience score. About 24 hours ago this was reported and it has a scale of 1-99. This is what it means the lower the score the better, indicating greater financial resilience in an economic downturn, such as we have now. The higher the score the higher the risk meaning you will most likely default on your payment or payments.
If your purchasing a home or auto you may want to ask if they are pulling this score, https://www.experian.com/consumer-information/fico-resilience-index