How new programs could improve your credit score

-
2:55
Neighbors somewhat satisfied after test of new noise limits...
-
3:25
Milwaukee Catholics react to the election of Pope Leo XIV, first...
-
2:48
Milwaukee monastery watches in awe as Vatican declares Pope...
-
2:41
History of Schlitz Audubon Nature Center
-
2:02
Republicans reject hundreds of items from Gov. Evers’ budget
-
1:11
’Her dedication goes beyond teaching:’ Greenfield teacher...
-
0:43
Man tied to arrest of Milwaukee County Judge Hannah Dugan appears...
-
2:02
Huggies donates $100K to Milwaukee Diaper Mission following latest...
-
0:39
35th annual Greater Milwaukee Law Enforcement Memorial honors...
-
1:24
Greenfield PD chief denies ’workplace concern’ allegations
-
1:48
Police arrest father of 15-year-old who killed 2 at Abundant...
-
2:18
Teen shot and killed near 39th and Cherry, identified as Milwaukee...
(CBS 58) – A small bump in your credit score could make all the difference for your financial future.
Thanks to two new programs rolling out later this year, you may see a boost in your credit score.
According to Consumer Reports, Experian and FICO will be releasing new programs that look at more factors than usual when determining a credit score.
Right now, credit scores are mostly determined by how well someone pays back debits including credit card and mortgage payments.
Experian will soon introduce Experian Boost which will look at utility payments and FICO is launching UltraFICO which looks at banking history.
Both programs will be free to consumers.
Many experts support the new effort but remind people they are giving potentially sensitive information to financial service firms.
Two other credit rating agencies, Equifax and TransUnion are not involved.