EPISODE · Mar 8, 2012 · 1H
Credit agencies to delete paid-off medical accounts.
from All You Need To Know Radio · host All You Need To Know Radio
Sponsor American Negotiators Congress is considering legislation -- the Medical Debt Responsibility Act -- that would require credit agencies to delete paid-off medical debt from credit reports within 45 days. The bill has bipartisan support in the House, said co-sponsor U.S. Rep. Heath Shuler, a North Carolina Democrat. Shuler said the health care industry sends delinquent bills to debt collectors quicker than any other industry.. Debt collectors support the legislation in the House, according to ACA International, a trade association. A key foe of an earlier bill was another group representing the nation's credit bureaus. The Consumer Data Industry Association, which hasn't taken a position on the revised bill, said that lenders need to see a consumer's patterns of behavior over time and even paid-off medical debt is relevant to whether the consumer is a good risk.. http://abclocal.go.com/ktrk/story?section=news%2Fnational_world&id=8568183
Embed this episode
NOW PLAYING
Credit agencies to delete paid-off medical accounts.
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.