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0.00125454773554127 0.00213273115042029 0.0020072763768661 0.00313636933885334 0.00288545979174495 0.00194454899008909 0.00313636933885334 0.00351273365951576
Stock impact report

Some medical debt is being removed from US credit reports [Financial Post (Toronto, Ontario, Canada)]

TransUnion (TRU) 
Last transunion earnings: 4/28 06:50 am Check Earnings Report
US:NYSE Investor Relations: investors.transunion.com
Company Research Source: Financial Post
Starting Friday, the three major U.S. credit reporting companies will stop counting paid medical debt on the reports that banks, potential landlords and others use to judge creditworthiness. The companies also will start giving people a year to resolve delinquent medical debt that has been sent to collections before reporting it — up from six months previously. Next year, the companies also will stop counting unpaid medical debt under at least $500. The companies say these moves will wipe out nearly 70% of the medical debt listed on consumer credit reports. Patient advocates call that a huge advance. But they question whether medical debt should be on credit reports at all, given that many see it as a poor indicator of whether someone is trustworthy for a loan or rent. “These aren’t people who bought shoes they couldn’t afford,” said Amanda Dunker, of the nonprofit Community Service Society of New York. “They went to a doctor because they were sick or needed help with an injury.” Show less Read more
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