FICO Announcement – Possible Game-changer for Consumers

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An announcement from FICO, a leading analytics software company, may be a game-changer for many consumers seeking better interest rates on mortgages and other various loans.

FICO, which is known for their FICO® Score product that measures consumer credit risk, will introduce changes to their product lines that will include, ensuring that medical collections have a lower impact on the consumer credit score; as well as ignoring collections for debts that have already been paid.

What do you think of the changes to the FICO score?  Do you think it could make a difference to someone interested in buying a home?

To learn more about how your credit score could possibly increase as a result of changes to the FICO credit score model, click over to their website for additional information.

To get started on finding your dream home, please call or email me today!

Homebuying FICO Score

Picture Source via Treselise

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