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New Policy For Credit Reporting Of Medical Debt

The credit reporting agencies have a new policy for reporting medical debt on consumer credit reports.

The three major credit bureaus (Equifax, TransUnion, and Experian) will institute a new policy by March 30, 2023, to no longer include medical debt under a dollar threshold (the threshold will be at least $500) on credit reports.

The new policy requires that medical debts under that threshold will never be reported even if unpaid and even if in collection.

If medical debt under $500 is reported on your credit report after March 30, 2023, Pine Street Legal can assist you in disputing and resolving this inaccurate reporting.