On Growth Track

These are times of subprime mortgage mess and liquidity crunch. Banks are partly to be blamed for risk assessment along with the Fed.

But new credit scoring information can change things.  These enhanced credit scores will record how good are you with paying your utility bills and rent. Many other things like public records, tax liens, criminal records go into these credit scoring models. Be careful, No bounced checks for bills, it can pull your score down.

These new scoring models will be extremely helpful for those starting on a good Job but with no history.  This is welcome since it gives a better idea of who is responsible with paying bills. Experian is late in this game but TransUnion and Fair Issac are already using these information in their models.

It may take a few years before these new developments trickle down the marketplace of Loans but for immediate credit score solutions with limited history try http://prbc.com.