Consumers need to know if they have medical bills and they have paid off their debts and it is still reporting on their credit report, they can have them remove off their credit report. Consumers also need to know that any unpaid medical debt won't appear on credit reports for a year, up from the previous 6 months, in order to give the consumers time with their providers and insurers to address the bill.
Most medical debt is coming off credit reports. Here’s what to do if yours doesn’t.
If you have medical debt weighing down your credit score, it may be wiped off your credit report in a few months. Yet before you cheer the good news, first make sure your debt qualifies. The three credit reporting companies — Equifax, Experian and TransUnion — recently announced that starting July 1, they will remove any medical debts that were sent to debt collectors and eventually paid off. In addition, any unpaid medical debt won’t appear on credit reports for a year, up from the previous 6 months, in order to give consumers time with providers and insurers to address the bill.
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