topic Re: Medical debt question in General Credit Topics

Medical debt question

Jojo567 — Mon, 24 Apr 2023 20:26:35 GMT

Re: Medical debt question

donkort — Tue, 18 Apr 2023 16:08:46 GMT

This seems to be true.

https://www.acainternational.org/news/first-wave-of-medical-debt-credit-reporting-changes-starts-july-1/

Re: Medical debt question

FireMedic1 — Tue, 18 Apr 2023 17:36:04 GMT

Your correct.

"In addition, the time period before unpaid medical collection debt appears on a consumer’s report was increased from 6 months to one year, giving consumers more time to work with insurance and/or healthcare providers to address their debt before it is listed on their credit file."

https://www.equifax.com/personal/education/credit/score/can-medical-debt-impact-credit-scores/

Re: Medical debt question

MeredithLepore — Fri, 21 Apr 2023 13:34:46 GMT

You right. I believe the debt won't impact your credit until one year after your provider sends it to collections. However, rather than deal with a debt collector, you may want to work out a payment plan with your care provider now to slowly pay it off while on a reduced income rather than hold onto the debt and forget about it.

Re: Medical debt question

donkort — Fri, 21 Apr 2023 14:01:35 GMT

I agree. You don't want that on your credit report. If it is on your credit report, I would shoot for "pay for delete" from all three bureaus.

Re: Medical debt question

FireMedic1 — Fri, 21 Apr 2023 14:30:27 GMT

@donkort wrote:
I agree. You don't want that on your credit report. If it is on your credit report, I would shoot for "pay for delete" from all three bureaus.

@donkort

"I agree. You don't want that on your credit report. If it is on your credit report, I would shoot for "pay for delete" from [From the OC or CA] Not the CRA's.

Re: Medical debt question

donkort — Fri, 21 Apr 2023 15:34:47 GMT

Right. Of course. The objective is to have them deleted from the credit reports--by the collector or original creditor.