Major credit bureaus decide to remove medical debt from reports

Major credit bureaus have decided to remove medical debt from reports, which could have the potential to boost some people's credit scores. Earlier this month, the three major credit bureaus: TransUnion, Equifax, and Experian, released a joint statement saying they’ve removed medical debt under $500 from consumer credit reports. Financial experts believe this change will be important for consumers and their credit scores going forward and help people qualify for better terms and conditions when looking for loans.