Category Archives: FICO

Good Credit Score News for People with Medical Collections
Last Summer, FICO (the company that creates the software used to calculate credit scores), released a new update to its scoring system called FICO 9. The goal of FICO 9 was to reduce the effect past due medical debt has on a person’s credit score, especially if they have an otherwise clean credit history. Why is this a big deal? Consider these...
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5 Important Changes That Will Affect Your Credit Report This Year (maybe)
Thank you New York Attorney General Eric Schneiderman! After a year-long investigation and aggressive negotiations, the three big credit reporting companies have some important changes to make. This is a win for consumer rights across the nation… but don’t celebrate just yet. Experian, TransUnion, and Equifax have more than three years to implement the required changes and the burden of proof will still be on the consumers when...
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Is your credit naughty or nice?
By George Cole In today’s economy, you need good credit to do just about anything – or at least to not have to pay through the nose to do what you want to do. Your credit is checked when you get an apartment, finance a car, apply for a cell phone contract, and even when you set up a new account with some utility companies. And...
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