Major Reporting Agencies Will Remove Medical Debt From Credit Reports

A joint statement from Equifax, Experian, and TransUnion has announced that the nationwide credit reporting agencies will remove almost 70% of medical collection debt from credit reports. This measure comes as an effort to support people burdened with medical bills as our healthcare system fails Americans.

There will also be a few other changes, including an extended period before unpaid medical collection debt appears. The decision will give Americans more time to work through the debt with their healthcare provider before it affects their credit scores. This is a step in the right direction, as many people struggle to pay bills from unexpected, one-time medical situations, especially since the COVID-19 pandemic. The three CEOs issued the following statement:

"Medical collection debt often arises from unforeseen medical circumstances. These changes are another step to help people across the United States focus on their financial and personal well-being."

If you have information popping up on your background check that makes you undesirable to employers, landlords, or licensing agencies, we understand the struggle. We don't think a single mistake or situation should control your future, so we offer an easier, less expensive way to scrub personal information from the web. Reach out to us today to see how we can help you get on the path toward a brighter future without the burden of a criminal record!