15 million Americans still harmed by medical debt despite credit agencies' changes [FOX Business Network]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: FOX Business Network
To support those who are faced with unexpected hospital bills, Equifax, Experian and TransUnion last year implemented steps to remove nearly 70% of medical debt in collections from credit reports. The companies announced they would increase the time before medical bills in collection can appear on credit reports – from 180 days to one year. Additionally, medical bills that had been in collection but were resolved would no longer appear on credit reports and any medical debt under $500 would be excluded. While the frequency of medical debt appearing on credit reports has declined, the CFPB said some 15 million Americans are still struggling with more than $49 billion in outstanding medical bills in collection on their credit reports. That is primarily because the changes only helped remove smaller balances. As a result, the average balance of the remaining reported medical bills on credit reports has increased from $2,000 to more than $3,100, according to the CFPB. "Experian, Equi
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TRU
Earnings
- 4/25/24 - Beat
TRU
Sec Filings
- 6/14/24 - Form 144
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- TRU's page on the SEC website