Reactions from Fintech Leaders to Recent FICO Change

Earlier this month FICO announced changes to how they will be calculating credit scores when they release their new scoring model later this year; consumers who take out a personal loan for debt consolidation will be treated differently than they are today; currently borrowers taking out a debt consolidation loan and then paying off their credit card could see a quick bump in their score; that will not be case when the new scoring model is released; Fortune sought the opinions of Dana Marineau of Credit Karma; Paul Gu, co-founder of Upstart, Jason Brown of Tally, Anu Shultes of LendUp, Brian Walsh of  SoFi as well as FICO. Fortune

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