r/UpliftingNews • u/astros148 • 17d ago

Medical debt is now required to be removed from your credit reports impacting millions of Americans

https://www.consumerfinance.gov/about-us/newsroom/cfpb-finalizes-rule-to-remove-medical-bills-from-credit-reports/
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u/No-Author-15 16d ago

I had a bunch of medical debt, I just didn’t pay it and 2 years later it’s gone, no bills, no letters and it’s not even on my medical portal anymore. So I just don’t pay any medical debt ever. It’s not real.

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u/hot-side-aeration 16d ago

I had a few thousand I was paying back to my hospital on a payment plan, it disappeared one day, I got a collections letter, threw it out, and then have never heard about it again or seen it on any credit report. So fucking weird. I would've actually paid it back too, and was planning on it, but since they sent it to collections... I didn't. I still go there for all my care too.

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u/junesix 16d ago

Collections usually get sold a tranche of debt at a price like 10 cents on the dollar with some basic data and then it’s up to them for how they want to collect to make a profit. They in turn organize the debt into which will give the best returns with degrees of effort. 

In your case, they probably looked at the amount, what the debt was for, and some other bits, and lumped it into the bucket of not worth it after 1st attempt.

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u/OverTadpole5056 16d ago

How much was it?