Account Recovery

JANUARY 8, 2025

The background: The plaintiffs, representing medical service providers, argue that the credit reporting agencies 2022 decision to no longer include unpaid medical debts under $500 on consumer credit reports constitutes a conspiracy that harms small and independent healthcare providers.

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Account Recovery

OCTOBER 3, 2024

9890, called the Reporting Medical Debt Payments as Positive Consumer Credit Information Act of 2024, was introduced earlier this week by Rep. Healthcare is one of the most unaffordable insurances for individuals.” Don Bacon [R-Neb.], Marie Gluesenkamp Perez [D-Wash.]. Bacon in a statement. “I Learn more. And more.

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Collection Industry News

FEBRUARY 1, 2023

This decline, as well as insights from CFPB market monitoring, suggests that debt collectors are moving away from reporting (or furnishing) medical bills to credit reporting companies, resulting in fewer medical tradelines on consumer credit reports.

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Better Credit Blog

APRIL 5, 2022

Don’t go into too many details, but let the debt collector know if you’re trying to buy a house but can’t because of the negative information on your credit report. Then kindly ask the debt collector to remove collections from your credit report out of goodwill. Wilshire Consumer Credit.

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Account Recovery

MARCH 18, 2025

A bill is under consideration in the Oklahoma legislature that would prohibit certain medical debts from being reported to credit bureaus, preventing them from impacting consumers credit scores. Driving the news: House Bill 1709, introduced by Rep.

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Account Recovery

JANUARY 30, 2025

The Consumer Financial Protection Bureau is actively supporting state legislation aimed at prohibiting the reporting of medical debt to credit bureaus — a move that underscores the agencys ongoing efforts to reshape how medical debt impacts consumers’ financial health. Learn more. And more.

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Burt and Associates

OCTOBER 31, 2024

Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Introduction: This section highlights the CFPB’s work on medical debt issues, including a proposed rule to restrict medical debt reporting on credit reports. Rental Debt 1.2.1 Medical Debt 1.1.1 Rental Debt 1.2.1

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