“About 70% of medical debt to be erased from credit reports: Here’s what that means for your credit score”
March 22, 2022
“The major credit bureaus, Equifax, Experian, and TransUnion, just announced a major change to how medical debt is included in your credit history.
Soon 70% of medical debt will be removed from consumers’ credit reports, according to a joint statement released March 18. Meaning outstanding medical bills may no longer weigh down your credit score, which is the key metric used to determine rates on credit cards, auto loans, mortgages, rental agreements, and other loans and lines of credit.
As of last week, Americans owed at least $195 billion of medical debt. That’s despite the fact that more than 90% of the population is insured, according to the Kaiser Family Foundation…”
https://grow.acorns.com/equifax-transunion-experian-reports-medical-debt-credit-score/
This is not a good idea. People drowning in medical debt don’t need more debt. These credit bureaus are not benevolent. They’re not doing it for the benefit of mankind. There’s some sort of angle we don’t know. More than likely a bad angle.