“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
(Visited 23 times, 1 visits today)
Related posts:
Growing acceptance of marijuana no help to pot convicts serving life
FATCA: The end of financial privacy
Ban $100 bills to tackle crime: Ex-bank chief
Professor in Jesus-stomping controversy reinstated, will teach online courses
Who will pay more under Obamacare? Young men
United Nations tells Israel to let in nuclear inspectors
Obama urged to fulfill Guantanamo closure pledge
Amazon launches online art gallery
Dell Sells $50,000 Server For 85 Bitcoins
Credit Suisse says it will liquidate the volatility security that lost 85% in a day
UBS Given an Infusion of Capital (2008)
Barclays faces pressure from Somali cash transfer firms
Muslim Brotherhood faces ban as Egypt rulers pile on pressure
Airport security scrutinized after boy flies to Maui in plane's wheel well
$50m Dark Web Market Just Disappeared With Millions In Bitcoin