FICO's new FICO Score XD has been introduced to help lenders assess consumers who may not have a traditional credit history but have a strong record of paying non-credit accounts. In a MarketWatch article James LaDue,, explains how this will benefit those known as "credit invisibles" based on their payment history on cable, cellphones and utilities.

FICO Score XD will use the same 300 to 850 scale used for standard FICO scores but may not be as widely accepted:

FICO isn’t the only one experimenting with alternative credit scores, and it remains unclear how many lenders will actually use FICO Score XD when evaluating credit applicants. There are dozens of companies with their own credit-scoring formulas, and these companies often have more than one scoring model (FICO alone has more than 50 FICO credit score formulas).

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