Sentences with phrase «medical collection accounts less»

That August, credit score giant FICO announced the newest version of its score — the creatively named FICO 9 — would weigh unpaid medical collection accounts less severely than other outstanding collections.

Not exact matches

FICO 9 counts medical collections less harshly than other accounts in collections, so a surgery bill in collections will have less of an impact on your credit score than a credit card bill in collections.

Unpaid medical collection accounts have a lesser negative impact than other unpaid collection accounts.

Under the new system, FICO will ignore paid collection accounts and place less emphasis on medical bills when calculating scores.

FICO 9 counts medical collections less harshly than other accounts in collections, so a surgery bill in collections will have less of an impact on your credit score than a credit card bill in collections.

Fortunately, updates to credit scoring models from both FICO and VantageScore mean unpaid collections accounts attributed to medical bills have a lesser impact on a credit score than other unpaid bills.