FICO has a tool to measure your creditworthiness during a recession, but you can’t see it

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Pay attention if you’re planning to apply for credit cards, loans, or a mortgage. FICO has a new tool for lenders to measure how “resilient” you are. If you plan to apply for credit cards, loans, or a mortgage, or if you have a credit score in the 600s, take note: Today, FICO debuts the Resiliency Index, a new way to rate borrowers’ ability to weather a recession or other economic volatility. Lenders who already receive FICO credit scores will initially receive the new score for free. Read Full Story

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4 ways to be a resilient leader during the coronavirus crisis

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A top executive coach says the best leaders recognize the harsh realities of the day and inspire people to believe we can power through the crisis. There have been few times in our history that have demanded as much from our leaders as the coronavirus pandemic. One of the top qualities we need is resiliency—the ability to recognize the harsh realities of the day and inspire people to believe we can power through the crisis, and take action to do so. Read Full Story

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Ellen Kullman became CEO during the last recession. Here’s how it’s impacting her leadership now

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DuPont’s first female CEO, who served during the 2008 financial downturn, shares what it takes to stay resilient during unpredictable times. Ellen Kullman, CEO of 3D printing company Carbon, knows her way around a crisis. Kullman spent 27 years at chemical company DuPont, where she started as a marketing manager in 1988. She was named the company’s CEO and chairman in January 2009, just a few months after Lehman Brothers declared bankruptcy. Read Full Story

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Why developing resilience is more than pushing through challenging times

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If you’re committed to building your resilience, you will have to open yourself up to uncomfortable moments and make yourself better from the added stress. Times are incredibly tough right now, and you may feel beaten down by quarantines, job loss, stress, and worries about your health. This is natural and can take a significant toll. The key to survival will be building your resilience and finding ways to persist and persevere. Read Full Story

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8 science-backed ways to boost resilience during the COVID-19 crisis

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The only way to test our own resilience is through adversity itself, just like a crisis such as the COVID-19 pandemic is the ultimate test of a society’s vulnerability. Resilience, defined as the ability to adapt in a positive way in the presence of adversity, has been a topic of great interest for some time now, particularly within psychology. As countless studies show, resilience is a critical skill for reducing and managing stress and responding to emotional challenges, including traumatic life events . It’s what allows us to recover from difficulties and setbacks . If, as Nietzsche famously noted, what doesn’t kill you makes you stronger, then you can thank resilience. Read Full Story

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