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.
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