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in a major announcement last week equifax transunion and experian they announced that they will remove all paid medical collections from credit reports on july 1st of this year 2022. this accounts for about 70 of medical debt and collections so people have paid off some medical debt and collections but is still reporting on their credit report and it could stay there for up to seven years so effective july 1st 2022 equifax tran transunion and experian are going to automatically remove these paid collections from all credit accounts this is huge because some of these debts and collections are bringing down peoples you know credit scores so they are not being able to qualify for loans be it mortgages or maybe even to rent an apartment or sometimes this is having you pay higher interest rates on things like car insurance credit cards whatever people are looking at your credit this is going to be huge because one thing about medical debt people dont intend to you know be in debt medicall
