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teddybear51

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account on collections?
hi I have a medical bill on collection on my report I was seeing on the news something about being forgived on a medical collection and can get point's put back on report

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You were reading about the newest FICO scoring model, no 9, which has not gone into effect yet.  It also depends on who is pulling your credit whether or not they will be using the new FICO 9.  Auto dealers will probably start using it, but mortgage companies are usual 2-3 versions behind, so the benefits of this change are still unknown.

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It is not goijng to be forgiven on your report, they are changing the algorithm to make them less wieghted.  This will cause an estiamted 10 point increase in score for those affected/

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