Changes for consumers made jointly by Equifax, Experian, and TransUnion

The three nationwide credit reporting agencies - Equifax, Experian and TransUnion - have agreed to three important changes to reporting medical collection accounts.

• Paid medical collection debt will no longer be included on consumer credit reports, as of July 1, 2022.

• The time period before unpaid medical collection debt will appear on a consumer’s report will be increased from six months to one year, also effective July 1, 2022. This change gives consumers more time to work with insurance and/or healthcare providers to address medical collection debt before it appears on credit reports.

• Medical debt collection accounts under at least $500 will no longer be included on consumer credit reports. This goes into effect the first half of 2023.

These significant changes to medical collection debt reporting support consumers faced with unexpected medical bills.

I agree with this. Especially

Paid medical collection debt will no longer be included on consumer credit reports, as of July 1, 2022.

Actually I agree with all of this.

[[[[[....... Medical debt collection accounts under at least $500 will no longer be included......]]]]]]]

I had an applicant who had 32 (that's right, I counted them, 32) medical bills in collections, all of them for $12.

i've ignored medical debt now for 25 years unless it's an isolated amount like a few hundred for an ER. a medical emergency can add to many tens of thousands in mere days. the likelihood of someone being able to pay that is ultra low. when i broke broke a bunch of ribs a few years back they wanted to charge me $3200 for a 22 minute ambulance from the ER i drove to to the one they wanted me to use for insurance reasons. i told the vendor to get with my insurer as THEY had required the ride when i was already at a name brand hospital.