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SVTPerformance's Chain of Restaurants
Road Side Pub
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<blockquote data-quote="Weather Man" data-source="post: 16747705" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3814966-experian-equifax-transunion-set-to-erase-most-medical-debt-from-credit-reports?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Experian, Equifax, TransUnion set to erase most medical debt from credit reports</a></h3><p><a href="https://seekingalpha.com/symbol/TRU?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">TRU +1.10%</a>Mar. 18, 2022 9:04 AM ET</p><ul> <li data-xf-list-type="ul">The three biggest credit-reporting companies will soon start removing tens of billions of dollars of medical debt from consumers' credit report, lowering obstacles to borrow for millions of Americans, the <em>Wall Street Journal </em><a href="https://www.wsj.com/articles/most-medical-debts-to-be-removed-from-consumers-credit-reports-11647604803?mod=hp_lead_pos6" target="_blank">reported</a>.</li> <li data-xf-list-type="ul">The changes to how Equifax (NYSE:<a href="https://seekingalpha.com/symbol/EFX" target="_blank">EFX</a>), Experian (<a href="https://seekingalpha.com/symbol/EXPGY" target="_blank">OTCQX:EXPGY</a>), and TransUnion (NYSE:<a href="https://seekingalpha.com/symbol/TRU" target="_blank">TRU</a>) report medical debt are set to take effect in July and will erase nearly 70% of medical debt in collections account from credit reports, the <em>WSJ </em>said.</li> <li data-xf-list-type="ul">The credit-reporting companies will remove from credit reports medical debt that was paid after it was sent to collections. Under the current procedures, such debts can weigh on a credit rating for up to seven years, even if they're paid off. Under the new approach, new unpaid medical debt won't be added to credit reports for a full year after being sent to collections, the newspaper said.</li> <li data-xf-list-type="ul">The Consumer Financial Protection Bureau estimated that ~$88B in medical bills are spread across 43M credit reports.</li> <li data-xf-list-type="ul">Previously (Oct. 14), Sezzle-TransUnion (TRU) expand collaboration to help <a href="https://seekingalpha.com/news/3752838-sezzle-transunion-expand-collaboration-to-help-users-build-credit-using-repayment-history" target="_blank">users build credit using repayment history</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16747705, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3814966-experian-equifax-transunion-set-to-erase-most-medical-debt-from-credit-reports?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Experian, Equifax, TransUnion set to erase most medical debt from credit reports[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/TRU?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']TRU +1.10%[/URL]Mar. 18, 2022 9:04 AM ET [LIST] [*]The three biggest credit-reporting companies will soon start removing tens of billions of dollars of medical debt from consumers' credit report, lowering obstacles to borrow for millions of Americans, the [I]Wall Street Journal [/I][URL='https://www.wsj.com/articles/most-medical-debts-to-be-removed-from-consumers-credit-reports-11647604803?mod=hp_lead_pos6']reported[/URL]. [*]The changes to how Equifax (NYSE:[URL='https://seekingalpha.com/symbol/EFX']EFX[/URL]), Experian ([URL='https://seekingalpha.com/symbol/EXPGY']OTCQX:EXPGY[/URL]), and TransUnion (NYSE:[URL='https://seekingalpha.com/symbol/TRU']TRU[/URL]) report medical debt are set to take effect in July and will erase nearly 70% of medical debt in collections account from credit reports, the [I]WSJ [/I]said. [*]The credit-reporting companies will remove from credit reports medical debt that was paid after it was sent to collections. Under the current procedures, such debts can weigh on a credit rating for up to seven years, even if they're paid off. Under the new approach, new unpaid medical debt won't be added to credit reports for a full year after being sent to collections, the newspaper said. [*]The Consumer Financial Protection Bureau estimated that ~$88B in medical bills are spread across 43M credit reports. [*]Previously (Oct. 14), Sezzle-TransUnion (TRU) expand collaboration to help [URL='https://seekingalpha.com/news/3752838-sezzle-transunion-expand-collaboration-to-help-users-build-credit-using-repayment-history']users build credit using repayment history[/URL] [/LIST] [/QUOTE]
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