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The Color of Money: Credit Scoring and Interest Rates

Day to Day personal finance advisor and syndicated columnist Michelle Singletary talks about a new type of credit score, the so-called FICO expansion score, designed for consumers with little or no traditional credit. The revised scoring system could help those consumers avoid the high-interest credit they're usually offered.

Copyright 2004 NPR

Michelle Singletary
Michelle Singletary is the personal finance guru for NPR’s Day to Day, filing commentaries that can be heard every Tuesday. In conjunction with her work for NPR, Singletary writes the award-winning, syndicated “The Color of Money” column for the Washington Post and is a regular contributor to Howard University's evening news radio program, Insight, on which she discusses personal finance issues.