Sunday, December 04, 2011
Core Logic offers more refined credit reports and scores on consumers
There’s a new credit reporting company, CoreLogic, which will provide lenders a more nuanced credit score and report based on smaller items like rent payments and even payday loans. It appears to look for items frequently requested by services like TenantCheck.
Tara Siegel Bernard has the New York Times story Saturday here.
Here is CoreLogic’s source on consumer lending. The company says it also provides information on trends in property values which could help consumers as well as lenders (avoid loans that will go upsidedown).
Will credit scores based on “online reputation” come next?