Bankruptcy Law, Credit, Timothy Kingcade Posts

New Credit Scoring System, ‘The Extended View’ Released to Aid the Poorest of Consumers

“The Extended View” launched by Experian is a new credit scoring system that has the potential to bring as many as 64 million Americans without a credit score, back into the lending fold. The new system will help the poorest of consumers, taking into account the traditional credit scoring system. The Extended View will look at factors such as rental payment history, payday loan repayment history, missed child support payments, financial histories and public records. The scale will be similar to the one used by VantageScore which ranges from 401 – 900.
The president of Experian Consumer Information Services reported that approximately 15 lenders, both large and small were already considering using The Extended View scoring system. The lenders range anywhere from banks and auto lenders- to telephone and utility providers. Studies show that the number of ‘underbanked’ Americans will grow in the coming years, which is most likely the reason lenders are considering the new system. The system will allow a lender to request an “Extended View” score if the consumer has no traditional credit score.
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If you are in a financial crisis and are considering filing bankruptcy, contact an experienced attorney who can advise you of all of your options. As an experienced CPA as well as a proven bankruptcy lawyer, Timothy Kingcade knows how to help clients take full advantage of the bankruptcy laws to protect their assets and get successful results. Since 1996 Kingcade & Garcia, P.A. has been helping people from all walks of life build a better tomorrow. Our attorneys’ help thousands of people every year take advantage of their rights under bankruptcy protection to restart, rebuild and recover. The day you hire our firm, we will contact your creditors to stop the harassment. You can also find useful consumer information on the Kingcade & Garcia, P.A. at

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