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Khanbaba3004

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As of last year medical collection does not make a negetive impact on credit score, is it true?
I have noticed that my scores dropped with a medical collection.

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Unfortunately, it is NOT true.

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However, in the newerish FICO 9? supposedly it would count Medical collections less and "paid" first party collections have less impact as well, could that be what you referring to? Tho that scoring model have been out since Augest of 2014, it hasn't been widely used by lenders yet. There are 100s scoring models out there, I wouldn't counting on many lenders start using it anytime soon, cus it cost them money to switch, some still using scoring models that are 15 years old. Even when they do switch to it? Doesn't mean they wouldn't change their lending requirements due to how that model was created.

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