Category: credit reports

FICO Changes That Could Impact Credit Availability

March 28, 2023
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In 1989, the Fair, Isaac, and Company (FICO) established FICO scores. It provided an industry standard for scoring creditworthiness. It was fair for both consumers and lenders. Before FICO, there were many different scores with various calculating methods, sometimes including gender or political affiliation. Changes now are coming to the way FICO is calculated. You…

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Medical Debt Comes Off Millions of Credit Reports—What You Should Know About It

July 7, 2022
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By Ted Rossman From Bankrate.com In late March, the three major credit bureaus announced significant changes to how medical debt will affect Americans’ credit scores. On July 1, paid medical collections will disappear from Equifax, Experian and TransUnion credit reports. Previously, these could have remained for up to seven years. Also, unpaid medical collections will…

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