New options emerge for those with tarnished credit

11/20/2012 | Wall Street Journal, The

Credit bureaus are looking at different factors to decide on loans for borrowers with flawed or incomplete credit records, or no credit. Instead of looking at past borrowing, the agencies are examining such items as rent payments, utility payments and employment, opening up a new market that could include millions of borrowers. Other financial companies are looking at consumers' prepaid-card spending habits in considering them for credit cards.

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Wall Street Journal, The

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