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
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