1. Mar 30, 2009 #1
   

   Chris G New Member

   New to the forum and have a question about a new FICO model.
   
   Heard that under the new guidelines that "small" medical collections accounts will have no effect on FICO scores. Anyone know what "small" means and/or have any details on this policy?

    

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3. Mar 30, 2009 #2
   

   JoshuaHeckathorn Administrator

   Collection accounts under $100 are ignored by the new FICO model.

    
4. Mar 30, 2009 #3
   

   ccbob Well-Known Member

   When did (or will) this take effect?
   I hadn't heard of this until today.

    
5. Mar 31, 2009 #4
   

   JoshuaHeckathorn Administrator

   Lenders are already beginning to use the new FICO score. Here's a link to a blog post I wrote about it back in January...2009 Brings a New FICO Score

    

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