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
Stupid Stuff Fraudsters Buy: The $250 Million Pool Shark
Argos Risk Announces Partnership with Credit Union Loan Source
The New Face of Auto Theft: Financing Fraud
Capital One Is Lending More to Subprime Borrowers. The Real Test Comes in 2027
Ally Keeps Growing as Auto Loan Delinquencies and Losses Edge Higher
When a Car Is Obtained Through Fraud, Is It Counted as Stolen?