In SC, where 46 percent of folks have debt in collections, credit score change could help

People with unpaid medical bills, or debts that were paid off after going into collections, could find it easier to get a loan or a lower interest rate following a change in the way some credit scores are calculated.

FICO, a private company that develops the credit scores used in most lending decisions, said it concluded the changes would result in more accurate decisions about loan risks. For many consumers, the changes should mean higher credit scores.

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