Credit Where It’s Due

An Arm and a Leg · May 26, 2022 · 17m

Credit reporting bureaus announced in April that they would start taking most medical debt off of people’s credit reports. At first, we weren’t sure that would be such a huge deal. After all, the medical debt would still exist, people would still get harassed by debt collectors, or even sued over it.

But it turns out, there’s a bunch of reasons why these changes could be life-changing, and we want to give credit (the good kind) where it’s due.

The changes include:

Paid-off medical debt disappears from credit reports on July 1, 2022

Debts under $500 (even if you haven’t paid them) come off…