The FICO Resilience Index could have a big impact on your next credit, loan, or mortgage application. What is this new credit scoring system from FICO? How does FICO calculate your score? Do you need to worry about what your resilience index rating will be? In this video, I answer all three of those questions.
Prefer a quick explanation of this new credit rating? Click the link below!
What is the FICO Resilience Index? Explained in 60 Seconds: https://youtu.be/4GNvXrS41iw
00:00 – Introduction
01:12 – What is the FICO Resilience Index?
03:30 – How is the Resilience Index calculated?
06:50 – How will the Resilience Index be used?
08:05 – Final Thoughts
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How to Create a Monthly Budget: https://youtu.be/-fkCYOBgCww
How to Use the Cash Envelope System: https://youtu.be/l8DUZ1KWke0
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