iCrowd Newswire
26 May 2023, 04:02 GMT+10
Medical debt is one of the most difficult headaches for Americans to deal with. It can cause major financial problems, and it can have a serious impact on your credit score.
Luckily, lenders and credit reporting bureaus are taking this seriously and have changed how medical debt is used on credit reports. The new medical debt rules are designed to help alleviate some of the burden of medical bills. They'll make it easier for people to get relief from collections agencies and improve the chances that you'll be able to pay off your debts quickly.
Experian, Equifax, and TransUnion - the three major credit reporting bureaus lenders use to determine creditworthiness - have all agreed to remove any medical-related debt under $500 from credit reports. While this is a step in the right direction, there are some caveats you should know:
If you've had medical debts removed from your credit report, you should see a bump in your credit score. However, you shouldn't stop there; take this time to focus on getting your financial health back on track.
and so on.
Removing medical debt from your credit score is a big win for your financial health and can help improve your overall credit score. However, it's essential to remember that other factors could affect your score, so don't stop there - work to improve all aspects of your financial picture to achieve the best possible outcome.
See Campaign: https://www.iquanti.com
Name: Keyonda GoosbyEmail: press@credello.comJob Title: Consultant
Tags:CE, Go Media, IPS, Reportedtimes, PR-Wirein, ReleaseLive, Google News, iCN Internal Distribution, Extended Distribution, EnglishGet a daily dose of Houston Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Houston Mirror.
More InformationMENLO PARK, California: Facebook parent company Meta Platforms has said it would remove news content in California if the state ...
BRUSSELS, Belgium: EU tech chief Margrethe Vestager has said that a draft code of conduct on artificial intelligence (AI) could ...
MOSCOW, Russia: After a turbulent 15 months of store closures and declining demand, Russian designers and brands are assisting the ...
WASHINGTON D.C.: The Federal Communications Commission (FCC) has said that more than 8.3 million US homes and businesses do not ...
CHICAGO, Illinois: Driven by an ongoing shortage of properties available on the market, in March US single-family home prices rose ...
MIAMI, Florida: Carnival Cruise Lines has said a cruise ship, the Carnival Sunshine, which sailed through rough seas off the ...
WASHINGTON D.C.: Reuters has reported that on 7th June, former Vice President Mike Pence will enter the race for the ...
PYONGYANG, North Korea: North Korea attempt failed to launch a satellite on May 31, which prompted raid sirens and a ...
HONG KONG, China: Describing the lack of women in China's top leadership as concerning, the United Nations has recommended the ...
BEIJING, China: Amid its rivalry with the US for reaching new milestones in space, reflecting their competition for global influence, ...
WASHINGTON D.C.: A Transportation Security Administration (TSA) report released this week revealed that over the Memorial Day weekend, the start ...
KUALA LUMPUR, Malaysia: Malaysia's maritime agency has said that it found a cannon shell believed to be from World War ...