Medical Debt Payments Can Now Boost Your Credit Score
This law allows paid or settled medical debts, as well as satisfactory performance on medical debt payment plans, to be reported to credit bureaus as positive credit information. This means your efforts to resolve medical bills can actively help build a better credit history and potentially raise your credit score. Credit agencies must now utilize this positive data when calculating your creditworthiness.
Key points
Paying off or settling medical debt can now be reported as a positive factor on your credit report, potentially improving your credit score.
Successfully meeting the obligations of a medical debt payment plan will also positively impact your credit score.
Credit reporting agencies and score providers are required to include and utilize this positive information when generating your credit score.
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