Scoring company FICO said Monday that it is rolling out a new scoring model that factors the short-term loans into its consumer scores.
Equifax, one of the three main credit reporting companies, said this week that a major data breach exposed Social Security numbers and other important information of millions of people.
The math behind your credit score is getting an overhaul, with changes big enough that they might alter the behavior of both cautious spenders as well as riskier borrowers.