Medical Collections don’t hurt your credit score....Fact or Fiction?

Have you ever heard that "Medical Debts / Collections do not hurt your credit score" ??

That is incredibly inaccurate and we debunk that myth. 52% of all collections on Credit Reports are Medical based debts, according to a report released by the CFPB. In this episode, we discuss the nuances of medical debts that get turned over to a collection agency, and how that can adversely affect your credit score. If you have medical collections and want to understand how to repair your credit, this episode will help you understand exactly how much medical collections are actually hurting your credit score.

Link to the CFPB Study :CFPB Medical Debt Study

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts. 

Watch the show on YouTube: https://youtu.be/OQLsrEDSL1I

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