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
Kpa148 This is good progress. Definitely. But... why do we have so much medical debt and bankruptcy in this rich nation?
. . USA Credit Reports punishes USA citizens for getting sick with Covid ? Really ? WOW! Thats criminal ! That is such a horrible & horrific thing to be doing by the credit report companies to the americans. Crazy FYI: Credit Report Companies don't exist outside of USA . .
Would be even more impactful if someone would regulate medical providers and their egregious billing practices. No one should go bankrupt for receiving healthcare.
Yeah you might as well go ahead and remove their student debt. Sounds like their setting the 2008 credit swap housing crisis all over again. Let people who have no business borrowing money have it so they can default and blow up the system again.
LoL - If you can't pay your bills no one should lend to you.