Most Medical Debts to Be Removed From Consumers’ Credit Reports

Posted on AllSides March 18th, 2022
From The Center
PHOTO: ALLISON DINNER/BLOOMBERG NEWS

The biggest credit-reporting firms will strip tens of billions of dollars in medical debt from consumers’ credit reports, erasing a black mark that makes it harder for millions of Americans to borrow.

Equifax Inc., Experian PLC and TransUnion are making broad changes to how they report medical debt beginning this summer. The changes, which have been in the works for several months, will remove nearly 70% of medical debt in collections accounts from credit reports.

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