FICO’s New Model Could Boost Your Credit Score

Published at 8:50 am, August 8, 2014

iStock Editorial/Thinkstock(NEW YORK) — Having a hard time getting a loan? You may soon find relief.

Credit scoring company FICO announced on Thursday it will no longer include records of previously outstanding bills in consumers’ credit reports.

The measure will make it easier for many people to increase their borrowing ability by providing a boost to their credit scores.