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Eric Hovde: “Pay now, pay later debt that is now factored into FICO…”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

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Consumer Forbearance Is Over

Published | Video Starts at 00:54

It's a horrible thing over the long run because it'll just make sure the home racks up more and more in debt. Medical debt as of July 25th is again now factored in the FICO score and Pay now, pay later debt that is now factored into FICO scores as well. So forbearance is over. All right, let's do a quick review of 25. (00:54–01:02)

CLAIM

Asserts that "pay now, pay later" debt is now included in FICO scores.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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