Credit Where It’s Due

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 reports in March 2023
  • Medical bills under $500 that you received after March 1, 2022 should will never be counted on your credit report
  • No medical bills – of any size– will appear on your credit report until they’re at least a year old, starting July 1, 2022


Plus, some an end to some games debt collectors can play with your credit score. 


Here’s a transcript of this episode.

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