By Ramishah Maruf, CNN Three of the country’s largest credit reporting agencies are removing nearly 70% of medical debt from consumer credit reports, the companies announced in a joint statement Friday.
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Credit reporting agencies will wipe out most medical debt
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Most medical debt to be removed from credit reports
Consumers will soon see medical debts pulled from their credit reports in a move that will make it easier for people to apply for loans and apartments while raising the risk to banks of losses.
A large number of U.S. consumers will have their medical debt wiped from their credit reports, the nation’s largest credit reporting agencies announced.
By Ramishah Maruf, CNN Three of the country’s largest credit reporting agencies are removing nearly 70% of medical debt from consumer credit reports, the companies announced in a joint statement Friday.
The three main credit bureaus in the United States have announced new medical debt reporting measures that are expected to remove nearly 70% of medical collections from consumer credit reports. Equifax, Experian and TransUnion said in a joint statement Friday that medical debt that was sent to colle…
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Credit reporting agencies will wipe out most medical debt | Since Then
