Credit Report Credibility Crisis - WA Senate approves measure to remove medical debt from credit score reporting
The Washington State Senate has approved a measure that would remove medical debt from credit score reporting.
The measure, introduced in late January, declares a medical debt “void and unenforceable if it is reported to a consumer credit reporting agency or credit bureau,” saying that reporting is a violation of the Consumer Protection Act.
The Consumer Protection Act, established in 1961, prohibits “unfair methods of competition and unfair or deceptive acts or practices in the conduct of any trade or commerce, contracts, or conspiracies that restrain trade or commerce, and monopolies.”
“Folks in my district have concerns about rising costs, especially health care costs. The cost of treating chronic illness or an emergency room visit are overwhelming, forcing people into medical debt — the number one cause of bankruptcy in America,” said WA Sen. Marcus Riccelli (D-Spokane). “Nearly one in three families in Washington have someone struggling with medical debt. No one chooses to get sick or have a medical emergency, but medical debt affects credit scores, which can make it difficult to get a car or home loan, rent an apartment, or find a job.”
https://www.msn.com/en-us/news/politics/wa-senate-approves-measure-to-remove-medical-debt-from-credit-score-reporting/ar-AA1zVQyi
Medical bills in the US have tainted the credibility of credit reporting. Medical bills are too arbitrary to be a part of credit reports.
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