Rasputin_Vol
"Slava Ukraina"
- Joined
- Aug 14, 2007
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Just another trick they pulled out of their sleeve to pump up the housing and auto markets...
Credit Scores Could Rise With FICOs New Model
Credit Scores Could Rise With FICOs New Model
The creator of one of the most widely used and influential credit scores, FICO, said on Thursday that the latest version of its score would no longer weigh medical debts which account for about half of all unpaid collections on consumers credit reports as heavily as it did in previous iterations.
The newer FICO scores, available this fall, will also ignore any collections that have already been paid; previously, the scores factored paid and unpaid collections equally, though it ignored amounts under $100.