For many people, the announcement last year that the three major credit reporting agencies would remove paid medical debts from credit reports was a welcome relief. Medical bills and the confusion those bills and insurance cause, has led to many people owing debts they never planned for. Here is an update on the changes to credit reports, credit scores, and how to manage medical bills.
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American Financial Solutions is a non-profit credit counseling agency dedicated to helping people improve their financial lives. We help thousands of people each year develop budgets, get out of debt and understand the finer points of credit. Much of the education and advice we provide is at no charge to the people who contact us and attend our classes. If you would like to help support financial education and students attending college, please add American Financial Solutions to the your donation list. Our tax identification number is 91-1163554. Your donation may be tax deductible.