Americans Crushed by Medical Debt Might Finally a Catch Break
If your credit score has been bruised by medical debt—making it near-impossible for you to borrow money, find a good place to rent, or even get a job—relief might be on the way.
Credit-reporting giants like Equifax, Experian, and TransUnion are set to change how they report medical debt this July, the Wall Street Journal reported Friday. They plan to wipe already-paid-off medical debt that’s been sent to collection agencies, as well as stop adding new, unpaid debt until a year after it’s been lingering in collections, rather than the current six-month timeline.
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