Do Medical Bills Affect Your Credit Score?Posted on March 23, 2011

Medical bills can affect your credit score. When you receive a medical bill, it is not usually reported to the credit bureaus. Once the bills become past due, then the bills will likely be reported as past due. This can result in a decrease of your credit score.

The amount that your credit score is decreased will depend on other circumstances. If your credit file is 10 or 15 years old and you have a lot of other credit that is paid on time, the medical bill will not lower your score by much. The exact amount that your score is lowered will vary from consumer to consumer. Other things that are considered are the type of credit accounts you have and how much debt you have.

If medical bills are reported to the credit bureau, they will remain on your file for seven years. The longer they are on your file, the less of an impact they have on your credit score. If you have no other credit history except the medical bill collections your credit score will be seriously affected. If you removed these from your credit report, your score will greatly improve.

If you have any medical collections that are holding you back, give us a call at 1-888-669-7372 for a FREE credit report consultation.