5 Things You Need to Know About Medical Bills on Your Credit Report

Credit-scoring giant FICO announced in August that it would soon roll out a nuanced way to report medical debt in collections. The new model, called FICO 9, decreases the impact of medical bills in comparison with other types of debt. FICO's announcement comes on the heels of a number of studies and reports highlighting the disproportionate effect of medical debt on American families.



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