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According to a study of more than 400,000 Sallie Mae clients, including borrowers’ credit scores in bill statements can boost their FICO scores and lower delinquency rates. Researchers at Yale University, the University of Chicago, and New York University found that borrowers who received quarterly emails informing them of their updated FICO scores were 4 percent less likely to have an account that was 30 days overdue. Moreover, those who viewed their scores adjusted their behavior and saw an average increase in their scores of 8.2 points. Including the score “appears to spur positive change among a relatively young population that is new to credit and may, therefore, yield long-term benefits,” the researchers wrote.

MarketWatch (07/09/19) Andrew Keshner

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