medical debt News

New York Lawmakers Approve Bill Removing Medical Debt From Credit Reports

Hospitals and other health care providers in New York would be banned from reporting medical debt to credit agencies under a bill passed this week by the state’s legislature – a measure intended to limit the damage that illness and …

Consumer Credit Agencies Agree to Address Errors, Medical Debt

Buying homes, getting jobs and borrowing money will be easier after an agreement by the three biggest U.S. consumer credit reporting services with New York. “This is huge,” Chi Chi Wu, an attorney at Boston-based National Consumer Law Center, said …

25% of Americans Have Medical Debt; 55% Worry About It: Bankrate.com

Twenty five percent of Americans say they currently have more medical debt than emergency savings, according to a Bankrate.com report. This number nearly doubles (44%) among those earning less than $30,000 per year. Also, according to the report, people who …