Credit agencies to remove most medical debt from credit scores
The three major credit agencies responsible for determining credit scores for Americans announced massive changes Friday to how they will weigh medical debts.
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The three major credit agencies responsible for determining credit scores for Americans announced massive changes Friday to how they will weigh medical debts.
The three major credit agencies responsible for determining credit scores for Americans announced massive changes Friday to how they will weigh medical debts.
The three nationwide credit reporting agencies – Equifax, Experian and TransUnion – announced Friday significant changes to medical collection debt reporting to support consumers faced with unexpected medical bills. These joint measures will remove nearly 70% of medical collection debt tradelines from consumer credit reports, a step taken after months of industry research.
Medical bills are the largest source of personal debt in the United States.
Medical bills are the largest source of personal debt in the United States.