{"id":24463,"date":"2026-04-26T01:50:50","date_gmt":"2026-04-26T01:50:50","guid":{"rendered":"https:\/\/incredipros.com\/?p=24463"},"modified":"2026-04-26T01:50:51","modified_gmt":"2026-04-26T01:50:51","slug":"ultrafico-ultra-ridiculous-ramsey","status":"publish","type":"post","link":"https:\/\/incredipros.com\/?p=24463","title":{"rendered":"UltraFICO: Ultra Ridiculous – Ramsey"},"content":{"rendered":"
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If you\u2019ve been around here for more than two seconds, you probably already know how we feel about credit scores. (Hint: They\u2019re really<\/em> dumb.) You\u2019ll hear us say it time and time again: A credit score\u00a0does not<\/em>\u00a0show how well you\u2019re managing your money or even if you have a dollar to your name. Instead, it\u2019s really just a score of how well you can play the debt game with the bank. Credit score? More like an \u201cI love debt\u201d score.\n <\/p>\n

But what about the credit score\u2019s shiny cousin, UltraFICO? The finance world brags about it as a way to empower consumers to get access to loans and credit\u2014aka a way to keep them stuck in the cycle of debt.\n <\/p>\n

What Is UltraFICO?<\/h2>\n

It\u2019s ultra stupid, that\u2019s what it is. Wait\u2014we\u2019re getting ahead of ourselves. UltraFICO is just another way a lender can check someone\u2019s credit if they\u2019ve been turned down for a loan or credit card based on their current credit score.<\/strong>\n <\/p>\n

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This credit scoring system hit the scene in 2019. It looks at the balance and activity of a person\u2019s checking, savings and money market accounts. And depending on that status, UltraFICO might dish out a bump of 20 points or so to your usual credit score\u2014giving you your new UltraFICO score. That could be\u00a0just enough<\/em>\u00a0of a bump to mean that someone who wouldn\u2019t have been approved for new debt would now be able to get it.\n <\/p>\n

How Is UltraFICO Different Than a FICO Credit Score?<\/h2>\n

Let\u2019s talk about how a credit score is calculated to begin with. Honestly, FICO keeps their cards pretty close to their chest on this one, so no one knows\u00a0exactly<\/em>\u00a0how it\u2019s factored. But what we do know is this: It\u2019s about 35% your debt payment history, 30% the amount of revolving debt you currently owe, 15% the length of your credit history, 10% any new credit you take on, and 10% the types of credit you have.1<\/sup>\n <\/p>\n

Say you\u2019re going to open up a credit card or a personal loan. With the traditional method we all know (and love to hate), the lender would check your FICO credit score to see if you qualify. In the past, it\u2019s been a simple \u201cyes, you\u2019re up to par\u201d or \u201cno, you don\u2019t cut the mustard.\u201d\n <\/p>\n

But with the new UltraFICO option, if you\u2019re denied, you can ask the lender to pull your UltraFICO score. That basically means you\u2019ll be opting in to having the FICO powers that be dig into your checking, savings and money market accounts in order to try to get the boost <\/em>you need to qualify for new debt.\n <\/p>\n

How Is an UltraFICO Score Calculated?<\/h2>\n

This comes down to a couple of factors\u2014and none of them have anything to do with debt. That might seem like a good thing at first, but don\u2019t be fooled.\n <\/p>\n

Your UltraFICO score is calculated using these things:\n <\/p>\n