Intrepid Private Capital Group Financial News Blog

Intrepid Private Capital Group

Medical Debt Is The #1 Cause of Bad Credit Scores

There are dozens of factors which can influence a person’s credit score, some of which include debt-to-open-credit ratio, payment history (e.g. whether bills were paid on time), credit history, and more. According to a new report, however, the number one source of bad credit is medical-related debt. The Consumer Financial Protection Bureau (CFPB) reports that…

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New FICO Changes May Boost Your Credit Score

Millions of Americans may notice a slight boost in their credit score thanks to a new credit scoring system. The Fair Isaac Corporation, creator of the FICO credit score, announced a new scoring system last month that will largely benefit consumers as a whole. FICO Score 9 Dubbed the FICO Score 9, the new system…

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