fico: FICO credit scoring… making a move in the right direction!!
- 08/15/14 05:18 AM
On Friday August 8th Fair Isaac Company announced that their updated FICO 9 scoring system will FINALLY be doing some good for consumers. This is the first change to their scoring system in about 6 years. The 2 specific areas that this will help out on are: Medical collection reporting Limited/Thin trade-line borrowers When it comes to medical billing I’ve noticed over the years that once a bill from a hospital hits 31 days old… its immediately sold to a collection company. Confusion about the amount covered by insurance companies related to medications / procedures sometimes means people do not … (25 comments)
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