On Monday morning I was on Colorado Public Radio to join in the discussion about how some FICO credit scores may be getting a boost soon because medical collection debts won’t be getting weighed as heavily as they have in the past. (This is such great news!) I talked more about my story and how I got out of debt while Chad Gentry from Mpowered talked about the nuts and bolts of how the change will affect consumers.
We were interviewed by Ryan Warner, and I’ve got to say, his voice is amazing. I might have to have his interviews on repeat, so I can listen to them whenever I need to relax. Smooth and soothing with great questions mixed in.
The very first question he asked me is, “What is your credit score?” When I was getting ready for the interview it dawned on me that when I was in the thick of my debt I used to have NO IDEA what my credit score was! I was completely ambivalent. It was partly because I wasn’t applying for any car or home loans so I didn’t really have to know. (Just wanted to clarify, in the article on the CPR site they said that I just recently found out my credit score, which is not correct. I just recently looked up my current score. While I don’t have my past credit scores memorized, I was aware of what it was after I got out of debt.)
I’d love for you to listen, and tell me what you think about the new FICO model. Do you think medical debts should be weighed as heavy as other types of debt? Do you agree or disagree with the change?
Here’s the link to the audio recording: Consumer Credit Scores Could Soon Get a Boost – on Colorado Public Radio. (My part starts up at the 6:36, if you’re rushed for time.)
Have you had medical debts go to collections? Will your credit score be going up?