Who Defaults when Bankcard Accommodations End? Resilience Matters
Fico Collections
JULY 20, 2021
In contrast to mortgage forbearances of six to 12 months, bankcard payment accommodations are typically just one to two months, with card lenders less likely to readily grant repeated accommodations. FICO Resilience Index –released by FICO in early 2020 - is designed to predict consumers’ sensitivity to economic disruptions.
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