Some Americans Will Have Medical Debt Wiped From CreditBy Radiant Health
Published: July 9, 2022
The three major credit reporting companies, Equifax, Experian, and TransUnion, will no longer include paid medical debt in their credit reports. Additionally, they will give people an extra six months to pay any medical debt that has been sent to collections before reporting it. Previously, credit users were given six months to resolve their medical debt in collections. The move will eliminate almost 70% of the medical debt currently tarnishing consumers’ credit reports. The federal Consumer Financial Protection Bureau is working towards a decision on whether or not medical debt should be included on credit reports at all.
Like what you're reading? Sign up for our free newsletter and never miss a post! Plus get a FREE digital version of our Issue No.10 with sign up.
- Some Americans Will Have Medical Debt Wiped From Credit - July 9, 2022
- Natural Gas Used to Heat Homes Contains Some Harmful Chemicals - July 9, 2022
- Uterine Cancer Claims Many Black Lives - July 9, 2022
- Babies and Toddlers Get COVID-19 Shots - June 27, 2022
- FDA Bans Juul’s E-Cigarettes and Cartridges - June 27, 2022
- Polio Virus Found in London Sewage - June 27, 2022
- 200 Million Americans Are Drinking Contaminated Water - June 19, 2022
- Young Kids Can Finally Get Vaccinated Against COVID-19 - June 19, 2022
- New Regulations for Baby Sleep Products - June 19, 2022
- FDA Approves First Drug for Alopecia Hair Loss - June 19, 2022