Benzinga Before The Bell: Elon Musk Sells $6.8B Tesla Shares, Nio Begins ES7 Test Drives, Coinbase Accused Of Misleading Investors And Other Top Financial Stories Wednesday, August 10
Wall Street Journal Equifax-Backed Credit Score Provider Says Unpaid Medical Bills Do Not Predict Creditworthiness Wall Street Journal reported that VantageScore Solutions LLC would stop factoring all medical debt in collections into the latest versions of its scores starting October. The credit-score provider was founded by Experian Plc (OTC: EXPGY ), Equifax Inc (NYSE: EFX ), and TransUnion (NYSE: TRU ) in 2006. VantageScore decided to remove all medical collections after finding that they aren’t good at predicting a person’s likelihood of repaying other debts, especially compared with other accounts in collections, said Silvio Tavares, the company’s CEO. Microsoft Continues To Focus On Cost Cutting To Beat Inflation, Slowdown: Report Microsoft Corp (NASDAQ: MSFT ) asked teams across the company to rein in some employee expenses, the Wall Street Journal reports. Managers have told staff regarding various cutbacks to the company’s budget. Microsoft also targeted some spending on business travel, outside training, and company gatherings.
Benzinga Before The Bell: Elon Musk Sells $6.8B Tesla Shares, Nio Begins ES7 Test Drives, Coinbase Accused Of Misleading Investors And Other Top Financial Stories Wednesday, August 10
Wall Street Journal Equifax-Backed Credit Score Provider Says Unpaid Medical Bills Do Not Predict Creditworthiness Wall Street Journal reported that VantageScore Solutions LLC would stop factoring all medical debt in collections into the latest versions of its scores starting October. The credit-score provider was founded by Experian Plc (OTC: EXPGY ), Equifax Inc (NYSE: EFX ), and TransUnion (NYSE: TRU ) in 2006. VantageScore decided to remove all medical collections after finding that they aren’t good at predicting a person’s likelihood of repaying other debts, especially compared with other accounts in collections, said Silvio Tavares, the company’s CEO. Microsoft Continues To Focus On Cost Cutting To Beat Inflation, Slowdown: Report Microsoft Corp (NASDAQ: MSFT ) asked teams across the company to rein in some employee expenses, the Wall Street Journal reports. Managers have told staff regarding various cutbacks to the company’s budget. Microsoft also targeted some spending on business travel, outside training, and company gatherings.