@WayUpto850 wrote:I recently heard that Credit Agencies are being discouraged from placing medical bills on Credit Reports - more time is allowed before a medical bill debt can be placed on your credit file and once you pay it, the debt is immediately removed from your credit file. Below are some links to information:
2017 Changes to Medical Bill Reporting:
https://www.supermoney.com/2017/02/medical-bills-credit-report/
2016 changes to Medical Bill reporting:
https://www.clearpoint.org/blog/how-credit-reporting-for-unpaid-medical-bills-is-changing/
Best Wishes!
"Not long ago, FICO introduced a new scoring model, FICO® Score 9, that included significant changes to the way medical debt is factored into calculations. Now, when you pay your medical bill in full, it won’t show up on your credit report at all. So paying your medical bill–even after it’s sent to collections–ensures it won’t be included on your credit report, according to FICO. They explain:"
I don't think this is true. I think the author of the article doesn't understand the difference between a CRA and FICO
@WayUpto850 wrote:ITA with rmduhon: SOL is 4 years - so creditor or collection agencies cannot sue you after that date has past. And after 7 years, the debt will automatically fall off your credit report. So if you call the Credit Bureau 2-3 months before the date the debt will automatically fall off report and request an "Early Exclusion", Credit Bureau staff may remove the debt early. Some posters have stated if the staff will not do it, ask for a supervisor.
Best wishes!
Actually they can and it would be up to the individual being served to use the SOL as a defense to the suit.
