2023 BLOG TWO

In 2022, Equifax, Experian, and TransUnion decided to change their reporting of medical debt collection data on all consumer credit reports. The following changes went into effect on June 24, 2022 for Experian and on July 1, 2022 for Equifax and TransUnion:

• Paid medical collection debt will no longer be included on consumer credit reports.

• The time before unpaid medical collection debt will appear on a consumer’s report will be increased from 6 months to one year

Effective March 20, 2023, medical debt collection accounts under $500.00 will no longer be included on consumer credit reports.