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FICO Changes

I despise the FICO system. It's based on how well you manage debt, not how well you manage money. If you have no debt, the system punishes you instead of rewarding you for being financially responsible.

However, this is certainly a welcome change. What do you think?

"The changes include reducing the toll that overdue medical bills can take on credit scores, as well as removing other past penalties from consumers who have paid off debts that had been assigned to collection agencies. A consumer whose only major delinquency comes from an unpaid medical bill could see their credit score rise by 25 points due to the changes."

Here's the whole article, if you're interested…