The Impact of Medical Debt on FICO Scores
July 20, 2015
Is your credit score costing you a bundle on auto insurance? A new study suggests it might be costing drivers hundreds of dollars each year.
Is your credit score costing you a bundle on auto insurance? A new study suggests it might be costing drivers hundreds of dollars each year.
Getting sick has led to millions of Americans paying more for loans – thanks to a medical debt domino effect on credit scores. But slowly, that's changing.
A reader asked us what she could do about credit damage from a bill that should have been paid by workers' compensation.
The majority of Americans have subprime or lower credit, but in some states, the average borrower is in much better shape.
Trying to keep track of every credit score you have is an impossible task. Even FICO, the most commonly used score, has dozens of models.
FICO will reportedly announce a new credit scoring model that uses bill payments to determine how creditworthy a consumer is.
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If you think being late on just one bill won't hurt your credit, this chart shows you just how much a late payment could kill your credit score.
There are a lot of different credit scores out there, and this has naturally led some consumers to ask: What's my real credit score?