Why medical debt should be removed from credit reports.
We applaud the Consumer Financial Protection Bureau (CFPB) initiative to change how medical debt is treated by our credit reporting agencies.
Testimony- Credit Scoring and FCRA: How mistakes affect credit reports
CFPB takes action against false data on credit reports
The Consumer Financial Protection Bureau (CFPB) issued guidance to remind credit bureaus that they have a responsibility to exclude obviously false data from credit reports.
No more weekly free credit reports?
New consumer tips released to help Americans to erase paid medical debt from credit reports.
Release: New policy in effect erasing paid medical debt from credit reports
Consumer tips on how to check your credit report accuracy
CFPB finds military servicemembers harmed by credit reports & debt collectors
From the CFPB's Office of Servicemember Affairs' recent annual report: Servicemembers told the CFPB about billing inaccuracies and that debt collectors used aggressive tactics to recover allegedly unpaid medical bills. Servicemembers also reported failures by credit reporting companies in helping to resolve inaccuracies and other credit reporting issues.
How to make sure your credit reports don’t include medical debt under $500 or already paid off
Medical debt, even when it is paid off, used to remain on credit reports for up to seven years. Now medical debt under $500 or medical debt you have already paid are removed from credit reports. Here's how to make sure paid medical debt doesn't lower your credit score.
Victory: Medical debt to be scrubbed from consumers’ credit reports
STATEMENT: U.S. PIRG applauds industry move to erase medical debt from credit reports
U.S. PIRG applauds the joint announcement from the three major credit bureaus that they are changing how they will treat the credit reporting of medical debt. Paid medical debt will be erased from consumer reports and any new medical debt won’t be included in credit reports until a year (rather than the current six months) after the debt is given over to collection agencies. Beginning in 2023, owed medical debt of less than $500 will not be included in credit reports.
