FICO score impact

Can Medical Debt Ruin Your Credit? The Realistic Answer (Not the Scary One)

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Can Medical Debt Ruin Your Credit

Medical debt can cause a significant drop in your credit score, but it will not permanently ruin your credit profile. A worst-case scenario typically involves a drop of well over 100 points, but it takes multiple large, unpaid collections combined with other financial negatives to push a score into the “ruined” territory (the low 500s). … Read more

Will Medical Debt Affect My Credit Score? How Much, When, and How Long

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Will Medical Debt Affect Credit Score

The impact of a medical collection on your score is not a simple yes or no. It depends heavily on which FICO model a lender is using to check your credit. Mortgage lenders typically use older scoring models (like FICO 8) which still penalize you heavily for medical collections, while newer models (FICO 9 and … Read more