Super Lawyers
State Bar of Michigan
Thunderhead Ranch

Should Medical Debt Be On My Credit Report

As of this year, the credit reporting industry has decided to remove most medical debt from consumer credit reports.  As of July 1, 2022, the rules are changing.  So what are the requirements?
Debts Over $500
Many small medical debts wind up in the hands debt collectors.  The credit reporting industry has determined that small debts do not help creditors make informed decisions about who to lend to.  Those small medical debts often represent a copay that the consumer was not asked to pay at the time of service or amounts which the consumer claims are owed by their insurance company.
Medical Debts More Than 12 Months In Default.
Most disputes over medical debts are resolved within 12 months.  Again, the credit industry has recognized that this information does not help creditors assess the creditworthiness of borrowers.  So, the credit bureaus will no longer accept or report medical debts that are less than one year in default.
Paid Medical Debts
Ultimately, if medical debts are paid, those debts will not appear on your credit report.