A very large percentage of negative accounts on consumer reports have been reported by way of medical debt.   This has been the case in spite of the haphazard method in which medical collections find their way on to these reports.  Between the reckless method in which the medical billing departments, the medical insurance companies, third party debt collectors and the reporting practices of the credit bureaus, these medical collections often wreak havoc on unsuspecting consumers who may have experienced a medical event in both the recent and distant past. 

Congress and the CFPB have recently offered some relief by passing legislation that limits the medical debt that can be added to consumer reports and allowing more time for consumers to address and confirm the accuracy of medical debt before it’s inserted onto consumer reports.  Here is the article released on May 8, 2023 by the CFPB explaining the process of medical debt reporting going forward…  CLICK HERE