3 major credit agencies wipe medical debt under $500 from credit reports

Medical debt under $500 no longer appears on credit reports from three of the largest reporting bureaus. 

According to an April 11 joint release from Equifax, Experian and TransUnion, the change means 70 percent of medical debt tradelines no longer appear on consumers' credit records. 

The three firms committed to remove debts under $500 from records in March 2022. 

The removal of debt under $500 is part of a set of reforms the credit agencies implemented to remove medical debt from credit records. The three firms have stripped medical debt paid after it was sent to collections from reports and increased the time before unpaid medical debt appears on credit reports from six months to one year. 

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