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Dkark

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are medical bills supposed to affect credit?

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From credit score's point of view (9/2014 in USNews)... - Earlier this year, the company that produces the most widely used credit scores in the world, FICO, announced that its newest scoring model will lessen the impact of medical debt on credit scores. The new model, dubbed FICO 9, is set to replace the previous version later this year. By many accounts, including FICO’s, the change should better reflect the average consumer’s likelihood of repaying debt.  Myth: Medical debt won’t count toward your credit score anymore.  Truth: This is more of an oversimplification than a myth, but it is undeniably inaccurate just the same. “Medical debt used to be weighted the same as other debt, but now will be weighted as slightly less important,” says a certified financial planner and founder of Twight Financial Education. Additionally, “older paid off or settled medical debts will drop off your credit report sooner,” she says...

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From debt reporting point of view...

Why wouldn't it? It's no different than any other types of debt, especially in creditor's eyes.

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Tho there were numerous attempts in last few years to enact the Medical Debt Responsibility Act... Among other things in that bill, To exclude from consumer credit reports medical debt that has been in collection and has been fully paid or settled, and for other purposes, one report I read, state that once it's paid? Credit Bureaus have to remove it with in 45 days, and have a 120 days grace period before medical bill can be send to collection, but all have been failed, think most of times, it didn't even get to a vote.

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If you do not pay them and they go to collections then yes they will. I have heard rumor of changes to this coming, but nothing concrete. If anyone has any info on this, please let us know what you know.

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