Medical bills of less than $500 have been removed from credit scores by Atlanta-based Equifax and the other two leading consumer reporting companies.
The action will help consumers by undoing some restrictions on their finances, the companies said Tuesday.
“We understand that medical debt is generally not taken on voluntarily,” said a statement from the chief executives of Equifax, Experian and TransUnion. “We are committed to continuously evolving credit reporting to support greater and responsible access to credit and mainstream financial services.”
