What FICO Credit Score Changes Might Mean For You
The move could increase some credit scores by 25 points and make it easier for consumers to obtain loans.By Evan Thomas | August 8, 2014
Credit tracking agency FICO could take some of the sting out of medical expenses.
The group announced plans to lessen the impact medical debt has on its credit reporting — outstanding medical bills will no longer lower credit scores.
"The move will make it easier for U.S. consumers to borrow money and banks to lend. It could be most beneficial for people applying for mortgage loans." (Video via CNBC)