🚨 BREAKING 🚨 - 70% of medical collection debt tradelines to be removed from consumer credit reports
3/18/22 - 2 min read
🚨 BREAKING 🚨
Equifax, Experian and Transunion announced today in a joint press release significant changes to medical collection debt reporting that will effectively remove nearly 70% of medical collection debt tradelines from consumer credit reports!
Effective July 1, 2022, paid medical collection debt will no longer be included on consumer credit reports. The period of time in which unpaid debt would appear on a credit report will increase from 6 to 12 months, and they will no longer include medical debt under $500 on credit reports.
My interpretation: 1) NESARA-lite, and 2) potentially hundreds of thousands or even millions of additional consumers who would be able to take out additional credit and new mortgages with a higher FICO score.
Hopefully this isn't to make way for a social credit score system.
These kinds of changes happening also makes me wonder if the government is encouraging this in order for more people to qualify for credit (debt), which is the only way the Federal Reserve Fiat notes hold any value at all. Elites, rich and upper middle class debt demand has waned off since most of these people have refinanced or borrowed at very low interest rates. This could be a sign that higher rates are here to stay, which would be burdened by the new debt taken on by the lower middle class who will now have access to more credit.
https://www.businesswire.com/news/home/20220318005244/en/Equifax-Experian-and-TransUnion-Support-U.S.-Consumers-With-Changes-to-Medical-Collection-Debt-Reporting
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