Posts tagged "credit score"

Medical debt now less of a hit on credit score

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News | by — August 9, 2014

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Fair Issac Corp., otherwise known as FICO, just announced some major changes to how certain types of debt will be reported on a consumer’s credit report. Medical debt will now be given less weight on a consumer’s credit score than it did in the past. FICO indicated that for individuals for whom the only negative […]

What does my credit score mean?

The range of possible credit scores is 330-830. Most individuals have credit scores between 600 and 750. A credit score over 700 is usually considered “good.” While a credit score below 625 is usually considered “bad.”   Who creates a credit score?  There are three credit reporting agencies. They are Experian, Transunion and Equifax.   […]