
“A change in how the most widely used credit score in the U.S. is tallied will likely make it easier for tens of millions of Americans to get loans. Fair Isaac Corp. said Thursday that it will stop including in its FICO credit-score calculations any record of a consumer failing to pay a bill if the bill has been paid or settled with a collection agency. The San Jose, Calif., company also will give less weight to unpaid medical bills that are with a collection agency. The moves follow months of discussions with lenders and the Consumer Financial Protection Bureau aimed at boosting lending without creating more credit risk.”
http://online.wsj.com/articles/fico-recalibrates-its-credit-scores-1407443549
Related posts:
Phoenix VA Director Given $8,500 Bonus, Rescinded After Complaints
EU warns Obama of ‘grave consequences’ facing Europeans from NSA intel scandal
British prime minister: We’re not considering regime change in Syria
Despite central bank warnings, Bitcoin gains toehold in Middle East
Taxes: What Are Your Chances of Being Audited?
Wikileaks release of TPP deal text stokes 'freedom of expression' fears
Police can legally use 23andMe, other ancestry tools to obtain your DNA
Canadian Senator’s husband’s offshore trusts exposed
Indiana public schools try to woo students away from vouchers
Real-Estate Investors See No Problem With Puerto Rico
HSBC paying $2 billion to avoid charges in drug cartel laundering case
Supreme Court strikes down warrantless blood tests in DUI cases
Argentina inches toward economic crisis, again
Duterte tells Philippine soldiers to shoot female rebels in their vaginas
Phone Records of AP Journalists Seized by U.S. Government