New rules for medical debt influence on credit score

 

The new rules regarding medical debt are already in effect starting in April 2023. 

1. Medical debt will only be reported to the credit bureaus after one full year is passed and the debt is still not payed off. 

2. When you pay off the medical debt, the credit bureaus must remove the records of it from the credit report.

3. If the medical debt is less than $500, it is not reported to the credit bureaus. Per multiple reports it applies to any medical collection less than $500, so it sounds like the numbers are per single collection and not the total medical debt.