Those with little to no credit history or between 500 and 600 on their FICO score may see an increase in loan opportunities.

UltraFICO, a new type of credit score system, will help consumers establish a credit score based on their banking and savings habits rather than credit cards, loans and debts. It’s meant to help the over 7 million people who fall in the upper-500 and lower-600 range, which is typically the minimum for lenders.

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Image via The New York Times.