FICO announces new credit scoring method for medical bills

Updated: 08/08/2014 2:21 PM
Created: 08/08/2014 2:08 PM WHEC.com

If you owe medical bills, your credit score may actually go up thanks to a new credit scoring method by FICO.

The new method from the nation's top credit score provider will ensure that medical debt will have less of an impact on a consumer's credit score.

After the change, the company expects the median FICO score for those with medical debt to jump by approximately 25 points. This means many consumers with medical bills they can't pay won't look as risky to lenders and will likely be able to qualify for better rates and deals.

News10NBC/WHEC-TV welcomes your opinion and interaction on our website, but please remember to keep it clean. If you're advertising for another business, being profane, vulgar or slanderous your post will be deleted. By commenting on this website, you agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use. Comments are not pre-screened before they posted.


Few Clouds
63° | 46°
  • Feels like: 66° F
  • Wind: WNW 21mph
  • Humidity: 24%
  • Sun Partly cloudy
    61° | 37°
  • Mon Rain and wind
    63° | 48°
  • Tue Mix of sun and clouds
    58° | 45°
  • Wed Chance of afternoon showers
    53° | 41°