It may be some relief to know that recent changes to FICO credit scoring treats medical debt in collections
differently than other debt, and it can be removed entirely from a report when the debt is settled.
Not exact matches
When I think about investing vs
debt, I tend to think about the Roth a bit
differently than other platforms only because elapsed time is not something you can make up (both in the sense that you can not make up for lost investment time AND the fact that $ 5,500 today is worth less
than that $ 5,500 was worth one year ago).
Q: Why are student loans treated
differently in bankruptcy
than other unsecured
debts?
However, we do not believe there is a justification for treating a delinquency on a car loan
differently than other consumer
debt which does not relate to accidents, illness or unemployment.
Medical collections are treated
differently than other types of
debt.
In the new score models, medical collections are now treated
differently than other types of
debt «resulting in medical
debt having less of a negative impact
than with Classic FICO,» according to FHFA's request for input.