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medical collection accts

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
New Contributor

medical collection accts

People say medical collection accts are not supposed to hurt your credit. Is this true?
I know any type of collection acct hurts your CR and score but do the lendors view them the same way as other types of collections?

ps:what is a hipaa letter?
6-03-08 FICO TU 621 EX 630 EQ 595
7-23-08 FICO TU 648 EX 642 EQ 640
8-28-08 FICO TU 648
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Valued Contributor

Re: medical collection accts



texasoklahoma wrote:
People say medical collection accts are not supposed to hurt your credit. Is this true?
I know any type of collection acct hurts your CR and score but do the lendors view them the same way as other types of collections?

ps:what is a hipaa letter?


Yes medical collections hurt. Maybe not so much to certain lender's on a manual review if they can be explained.
 
Google 'Whychat HIPAA letter' to see how he says to handle medical collections.
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