Breaking News!!! Most American's Credit Score will get a Bump soon!

The bureaus — Equifax, TransUnion and Experian — say that medical collection debt will no longer appear on credit reports if that debt has already been paid. The agencies are also increasing how long it takes for that debt to appear on a consumer’s report, from six months to one year. And starting sometime in “first half of next year,” they will also remove unpaid medical collection debt from reports if it’s less than $500.
Nearly 1 in 10 Americans carry medical debt over $250, according to a recent Kaiser Family Foundation study. And people of color are disproportionately affected by medical collection debt, a recent National Consumer Law Center report found.
#BreakingNews #Credit #CreditScore

https://fortune.com/2022/03/18/credit-bureaus-removing-most-medical-debt-credit-reports/
https://spectrumnews1.com/oh/dayton/health/2022/03/18/bulk-of-medical-debt-being-removed-from-consumer-credit-reports