FICO Re-calibrates Its Credit Scores, What Does that Mean for You?

Fair Isaac Corp. recently announced that it will stop including in FICO credit-score calculations any record of a consumer failing to pay a bill if the bill has been paid or settled with a collection agency, and it will give less weight to unpaid medical bills that are with a collection agency. On today’s episode of Your Money, Your Matters, we will talk about what these changes mean to you.

We’ll also discuss what goes into a credit report, what types of behaviors influences your credit score, and what measures you can take to improve your credit score. And we will explore responsible use of credit, how to pay down debt, and build wealth.

Your Money. Your Matters is a weekly show broadcasting every Tuesday from 11 a.m. to noon Central Time. The program features radio personalities Linda Webb-Mañon and Rick Grady, Cornerstone Credit Union League; Courtney Moran, Cornerstone Credit Union Foundation, and Todd Mark, Consumer Credit Counseling Services.