Monday, January 7, 2019
Medical Debts
FICO introduced FICO 9, which will be released to lenders early this year. One notable tweak to FICO 9 is the way it views medical debt that has gone into collections.
It will not penalize that as severely as it did prior when reporting to the FICO 8. A lot of people find themselves with medical debt that's gone into collections without even knowing they owe the debt due to miscommunication between a provider and insurance companies.
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