W3Schools

The most painless way to never missing late payments on your personal loans

Seeing your credit score in bill statements can lower delinquency rates and actually improve these influential three-digit scores, new research finds.

Researchers discovered a “significant decrease” in the probability of late payments when student-loan borrowers could see their FICO FICO, +0.65% scores, and concluded that the three-digit score was a powerful and positive form of feedback.

Those who actually viewed their scores made changes to their behavior and reaped even greater rewards, including an average 8.2-point increase in their score.

In an experiment using more than 400,000 clients of student-loan lender Sallie Mae SLM, -2.16% researchers found:

>>> Original Source <<<

Comentários