Equifax, Experian and TransUnion to begin changing how medical debt collections are reported
Credit reporting goliaths Equifax, Experian and TransUnion reported last Friday that beginning this summer they will soon delete as much as 70% of all derogatory credit reporting related to medical debts. For anyone in the consumer lending world who has paid attention, these types of collection accounts account for the majority of all.
Massive changes coming to credit reporting! – Fair Debt Collection Practices Act – FDCPA Source: NY Times
More Stories
Nearly One in Five American Families Fell Behind on Debt Payments
STUPID STUFF FRAUDSTERS BUY: Gotta Fraud ’Em All!
The Weak Links: One Loan, Many Points of Attack
Join Us at UCC 2027 – Credit Union Attendees Receive $200 Off
Two Men. Two Stolen Identities. One Greenwich Dealership.
The Risk Didn’t Leave Auto Finance, It Changed Hands