Experian is introducing a program that will allow consumers to create their own credit reports from scratch, the Wall Street Journal reports (subscription required).
Fast Company explains: “The program, called Go, will involve customers linking ‘recurring nondebt bills’ (think cell phone payments, utility bills, or even bank accounts just generally) to provide the foundation on which to build a credit score. The process is aimed at converting consumers from being invisible to banks to having a credit record and an increased chance of loan approval.” The full article is here.
