Mortgage Blog

New FICO Credit score models

August 14th, 2014 9:35 PM by Eric Fang

I know some borrowers were very frustrated when the loans
can not proceed just because of a dispute of a small amount
of medical bill. 

And there are some industry changes for those nonsense medical
bills. So some underwriters started excluding those paid and/or
unpaid medical debt.

Because of the demand from the lenders, FICO will launch a
new model to exclude those medical debt. In another word,
it will not affect your credit score any more.

Posted in:General
Posted by Eric Fang on August 14th, 2014 9:35 PM



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