Ann Arbor Michigander

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Joined 4 months ago
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Cake day: September 14th, 2024

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  • The CFPB said that medical debt is a poor predictor of an individual’s ability to repay a loan. Experian, Equifax and TransUnion, the three national credit reporting agencies, said last year that they were removing medical collections debt under $500 from U.S. consumer credit reports.

    So even the credit reporting agencies are recognizing that medical debt isn’t reflective of what the credit scores should be. Sounds like more evidence that there is a big problem with healthcare in this country.

    Edit: I meant “credit reporting agencies” not “credit unions”