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April 6, 2015

New scoring system aims to help people with poor credit

NEW YORK (AP) — People struggling with a bad credit score, or lack of one, could benefit from a program rolling out in the next few months aimed at making it easier to get a Visa or MasterCard.

The company behind the widely-used FICO credit score launched a pilot program to help millions of Americans get easier access to credit, based on their record of paying utility bills, instead of their history of loan repayments.


 
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