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Your credit score may pop on July 1st – paid medical debt will be removed from your credit report

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That’s right folks. Beginning in roughly a week, starting July 1st 2022, the 3 major credit agencies, Equifax, Experian, and TransUnion have all agreed to remove paid medical debts from credit reports. I got bit by this bug in 2005 when I moved from NYC to LA and forgot to pay a $5 copay on an office visit. A few years later, I tried to lease a Jeep and found out my credit report had an unpaid debt…that’s darn copay.  If you’re in this situation, you going to see a swift upkick to your score.

They’ve gone another step, the clock starts on unpaid medical debt as well. Unpaid medical debt won’t show up until 12 months have passed – the $5 copay I had went to collections at the 6 month mark. 

If that wasn’t enough, in 2023, Equifax, Experian, and TransUnion will no longer include medical debt under $500 in their credit reporting.

To recap:

  • Starting July 1st, paid medical debt will be removed from Equifax, Experian, and TransUnion
  • Starting July 1st, unpaid medical debt won’t be reported for 12 months on Equifax, Experian, and TransUnion
  • In 2023, unpaid medical debt under $500 won’t be reported on Equifax, Experian, and TransUnion

Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

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1 Comment

  • Mateo June 24, 2022

    This should have happened years ago. I had a medical bill on my report for $10 that was put there in 2010. I didn’t even know that it was there. I tried to fight it but it stayed on my report until 2016. Why even bother putting a $10 bill on a report. The reporting and paperwork and an eventual challenge to that bill would have cost them more than $10.
    Anyhow, this is good news.
    Hopefully Dental bills are included in this agreement too.

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