Not exact matches
(
Medical collections are ignored because they often pop up while insurance benefits are
still being hammered out.)
However, while this special treatment of
medical collections might sound like good news for consumers who are currently facing this credit problem, it's important to keep in mind that most lenders, especially mortgage lenders,
still rely on older versions of the FICO credit scoring model.
These older credit scoring models will
still judge the existence of
medical collections just as harshly as any other type of
collection account.
Still, this level of data
collection and sharing for
medical purposes is new ground.
If you and your spouse owe debt on credit cards, car loans, or
medical bills, creditors can
still undertake
collection actions against you even if a majority of the debt is your spouse's or he or she defaults on payments he or she has agreed to pay off.