Nationwide credit reporting agencies TransUnion, Experian, and Equifax are now waiting 365 days from the time you saw your doctor before allowing medical debt to appear on your credit report.
Even better news is that your debts on your reports used to stay for 7 years, even if you paid them. Not anymore. The bureaus are removing paid medical debt immediately. Additionally, debts under $500 will never appear on your report. This can be huge for people, as insurance companies are often slow in paying for medical bills.
This means paid medical collections and medical debts below $500 will never be on your credit report.
Check your credit report to make sure that any delinquent medical debt or medical collection that you have paid is immediately taken off your report. However, mistakes still happen.
If you find mistakes and collection accounts are still on your report follow the link below to remove the wrong items:
Email us at: email@example.com if you have any questions