“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:
Japan nuclear body says radioactive water at Fukushima an ‘emergency’
Christie accepts $4.5M donation from United Arab Emirates for Sandy relief
What Will Obamacare Cost You?
U.S. opens de facto embassy in Taiwan, angering China
Bank of Japan Sails Further Into Uncharted Territory With 'QQE'
Gold funds hit 2008 level ahead of US Fed action
UK Government and Isle of Man in deal to stop offshore tax evasion
Tax watchdog: IRS travel costs are ‘excessive’
ATMs being rolled out in Australia for online currency Bitcoin
British parliament budgets $150,000 to refurbish two toilets
Small-town $5-per-visit doctor takes down his shingle
$1.4m Perth home put on the market for digital currency Bitcoin
Europol: Police need powers to tackle virtual money laundering
The top five myths about Guantánamo Bay
German Exhibit Hall Designed By Algorithms, Manufactured By Robots