Credit Scores May Rise with FICA’s New Model

 

 FICO is revamping their method as to how medical debts will affect your credit score.  Under the new model, medical debts will not be weighted heavily against your credit score as it was previously.  This is good news since many people who have lower scores due to medical debts can see an increase.  The increase may not be the difference between a denial or acceptance of a loan, but it may reduce their interest rate.  Read the full article HERE

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