70% Of Medical Collection Debt Will Soon Be Removed From Credit Reports: Here’s What You Need To Know From the Check out the week's best financial reads from experts: series Lisa Rowan - Forbes Advisor Apr 5, 2022 Apr 5, 2022 Updated Apr 8, 2022 0 Getty Facebook Twitter Bluesky WhatsApp SMS Email Print Copy article link Save Lisa Rowan - Forbes Advisor Many U.S. consumers will soon have their medical debt wiped from their credit reports, the three credit bureaus announced last month.kAm|65:42= 563E :D A6CG2D:G6 :? E96 &?:E65 $E2E6D] %96 >2;@C:EJ @7 A6@A=6 7:=65 7@C 32?<CFAE4J 36EH66? a_`b 2?5 a_`e 92G6 925 2E =62DE D@>6 >65:42= 6IA6?D6D 4@?EC:3FE:?8 E@ E96:C 7:?2?4:2= 5:DEC6DD[ 244@C5:?8 E@ k2 9C67lQ9EEADi^^2;A9]2A92AF3=:42E:@?D]@C8^5@:^`_]a`_d^py!w]a_`g]b_ch_`Qm2 C6A@CE 3J E96 p>6C:42? y@FC?2= @7 !F3=:4 w62=E9k^2m]k^Am kAmqFE E96 H2J >65:42= 563E :D C6A@CE65 @? 4@?DF>6C 4C65:E C6A@CED :D 492?8:?8] p?5 E9@D6 492?86D >2J >2<6 :E 62D:6C 7@C A6@A=6 H9@ 92G6 562=E H:E9 E96 3FC56? @7 F?6IA64E65 >65:42= 3:==D E@ C63F:=5 E96:C 4C65:E] k2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\=@2?D^244@F?ED\:?\563E\4@==64E:@?^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQmp44@F?ED :? 4@==64E:@?Dk^2m @? J@FC 4C65:E C6A@CED 42? 5C2>2E:42==J 564C62D6 J@FC 4C65:E D4@C6[ H9:49 >2<6D :E 92C56C E@ 86E ?6H 4C65:E WE9:?< 2FE@ =@2?D[ A6CD@?2= =@2?D 2?5 4C65:E 42C5DX H:E9 C62D@?23=6 :?E6C6DE C2E6D]k^Am People are also reading… 12-year-old arrested in death of classmate who was hit in the head by a metal water bottle Lexington wins Good Life Cup Kearney restaurant owner Carlos Godinez will be deported CPS reformats after-school and preschool programs, raises tuition State troopers trying to locate man who ran from traffic stop near Overton TRACK: Cozad boys win team title at Ogallala Gothenburg High School speech team overjoyed with state results Learning Adventures Childcare plans culturally diverse summer curriculum Sarah Neben: Geiser family opens hardware store in Lexington Local 4-H'ers compete in Dawson County speech contest Lexington falls to No. 1 Schuyler in Pinnacle Cup Final On one busy day, Gothenburg senior wins state speech, earns FFA presidency Priscilla Quill's book launch at Lexington Public Library Gothenburg golf wins home dual over North Platte St. Pat's kAmw6C6’D 9@H >65:42= 563E C6A@CE:?8 :D 492?8:?8[ 2?5 9@H J@F 42? >2?286 >65:42= 3:==D E@ AC6G6?E =2DE:?8 7:?2?4:2= 52>286]k^Am k9amw@H |65:42= s63E rC65:E #6A@CE:?8 xD r92?8:?8k^9am kAm$E2CE:?8 yF=J `[ a_aa[ >65:42= 563E E92E’D 366? A2:5 H:== ?@ =@?86C 36 :?4=F565 @? 4C65:E C6A@CED 7C@> tBF:72I[ tIA6C:2? 2?5 %C2?D&?:@?—6G6? :7 :E’D 366? @? J@FC C6A@CE 7@C D6G6C2= J62CD]k^AmkAmx? 255:E:@?[ E96 E9C66 k2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^4C65:E\D4@C6^b\4C65:E\3FC62FD^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQm4C65:E 3FC62FDk^2m 2C6 :?4C62D:?8 E96 2>@F?E @7 E:>6 367@C6 >65:42= 563E :? 4@==64E:@?D 2AA62CD @? J@FC 4C65:E C6A@CED] %92E 4FD9:@? :D ?@H D:I >@?E9D 3FE H:== 36 =6?8E96?65 E@ @?6 J62C]k^Am kAmx7 J@F’C6 :? E96 AC@46DD @7 ?68@E:2E:?8 @C A2J:?8 2 >65:42= 563E[ E9:D 42? 8:G6 J@F 6IEC2 E:>6 E@ H@C< H:E9 AC@G:56CD @C 4@==64E@CD E@ 7:?5 2 >FEF2==J\28C6623=6 A2J>6?E D@=FE:@?]k^AmkAmu:?2==J[ 368:??:?8 :? E96 7:CDE 92=7 @7 a_ab[ E96 E9C66 4@?DF>6C 4C65:E C6A@CE:?8 286?4:6D H:== ?@ =@?86C :?4=F56 >65:42= 563E :? 4@==64E:@?D F?56C Sd__ @? 4C65:E C6A@CED]k^AmkAmkDEC@?8m#625 >@C6i k2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^4C65:E\D4@C6^7C66\4C65:E\C6A@CE\H66<=J^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQmw@H E@ v6E *@FC uC66 rC65:E #6A@CE t249 (66<k^2mk^DEC@?8mk^Am k9am|65:42= s63E xD 2 wF86 r@>A@?6?E @7 r@?DF>6C s63Ek^9am kAm*@F >2J E9:?< @7 4@?DF>6C 563E 2D 2 C6DF=E @7 @G6CDA6?5:?8 @? 4C65:E 42C5D @C =:G:?8 36J@?5 J@FC >62?D] qFE ?62C=J @?6 :? `_ 25F=ED—23@FE ab >:==:@? p>6C:42?D—@H6 2E =62DE Sad_ :? >65:42= 563E[ 244@C5:?8 E@ 2 k2 9C67lQ9EEADi^^HHH]<77]@C8^962=E9\4@DED^AC6DD\C6=62D6^`\:?\`_\25F=ED\@H6\>65:42=\563E\H:E9\>:==:@?D\@H:?8\>@C6\E92?\`____^Qmz2:D6C u2>:=J u@F?52E:@? C6A@CEk^2m C6=62D65 :? |2C49]k^Am kAm“|65:42= 4@==64E:@? 563E @7E6? 2C:D6D 7C@> F?7@C6D66? >65:42= 4:C4F>DE2?46D[” E96 4C65:E 3FC62FD D2:5 :? 2 ;@:?E DE2E6>6?E 2??@F?4:?8 E96 C6A@CE:?8 FA52E6D] “%96D6 492?86D 2C6 2?@E96C DE6A H6’C6 E2<:?8 E@86E96C E@ 96=A A6@A=6 24C@DD E96 &?:E65 $E2E6D 7@4FD @? E96:C 7:?2?4:2= 2?5 A6CD@?2= H6==36:?8]”k^Am kAm%96 492?86D 2C6 =@?8 @G6C5F6[ D2JD y2D>:?6 “y2KKJ |24” |4r2==[ 2 4C65:E 6IA6CE H9@ D92C6D DEC2E68:6D 7@C 562=:?8 H:E9 >65:42= 563E @? 96C *@F%F36 492??6=]k^Am kAm|4r2== D2JD >65:42= 563E :D 2? F?6IA64E65 7:?2?4:2= 3FC56?[ 2?5 “:D ?@E 2 ECF6 C67=64E:@? @7 2 A6CD@?’D H:==:?8?6DD @C E96:C 23:=:EJ E@ A2J 324< 2 563E]”k^AmkAmp3@FE @?6\7:7E9 @7 &]$] 9@FD69@=5D k2 9C67lQ9EEADi^^HHH]46?DFD]8@G^=:3C2CJ^DE@C:6D^a_a`^_c^H9@\925\>65:42=\563E\:?\F?:E65\DE2E6D]9E>=Qm4@F=5?’E 277@C5 E@ A2J 7@C >65:42= 42C6k^2m FA 7C@?E :? a_`f[ 244@C5:?8 E@ E96 >@DE C646?E r6?DFD qFC62F 52E2]k^Am kAmp=E9@F89 >@DE A6@A=6 H:E9 >65:42= 563E @H6 =6DD E92? Sd__ A6C >65:42= 3:==[ E96D6 2>@F?ED 255 FA] p44@C5:?8 E@ E96 r@?DF>6C u:?2?4:2= !C@E64E:@? qFC62F[ 4@?DF>6CD’ 4C65:E C6A@CED C67=64E65 k2 9C67lQ9EEADi^^HHH]4@?DF>6C7:?2?46]8@G^23@FE\FD^?6HDC@@>^AC6A2C65\C6>2C<D\@7\5:C64E@C\C@9:E\49@AC2\@?\?6H\47A3\>65:42=\563E\C6A@CE^QmSgg 3:==:@? :? >65:42= 563Ek^2m 2D @7 yF?6 a_a`]k^Am k9am(9J |65:42= s63E xD $@ %C:4<J 7@C r@?DF>6CD E@ |2?286k^9am kAm|4r2== 6IA=2:?D E92E :E’D @7E6? 5:77:4F=E 7@C 4@?DF>6CD E@ <?@H H92E 6IA6?D6D E96J’C6 @? E96 9@@< 7@C 2?5 H92E H:== 6G6?EF2==J 36 A2:5 3J :?DFC2?46[ :7 E96J 92G6 4@G6C286]k^Am kAmqJ E96 E:>6 J@F C62=:K6 E92E J6D[ J@F’== 36 C6DA@?D:3=6 7@C 2 A2CE:4F=2C >65:42= 3:==[ :E >2J 2=C625J 36 @G6C5F6 2?5 @? :ED H2J E@ 4@==64E:@?D]k^AmkAmp? 244@F?E E92E H6?E E@ 4@==64E:@?D 3FE 92D D:?46 366? A2:5 DE2JD @? J@FC 4C65:E C6A@CED 7@C 23@FE D6G6? J62CD 27E6C :E 86ED D6?E E@ 4@==64E:@?D] “(6’C6 AF?:D9:?8 4@?DF>6CD 7@C D@>6E9:?8 E92E 92AA6?65 F?6IA64E65=J D6G6? 2?5 2 92=7 J62CD 28@[ E92E E96J’G6 A2:5 @77[” |4r2== D2JD] “%96J’C6 DE:== 36:?8 AF?:D965 7@C :E]”k^Am kAmkDEC@?8m#625 >@C6i k2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^4C65:E\D4@C6^9@H\E@\C6>@G6\4@==64E:@?D\7C@>\4C65:E\C6A@CE^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQmw@H %@ #6>@G6 r@==64E:@?D uC@> *@FC rC65:E #6A@CEk^2mk^DEC@?8mk^Am kAmtCC@CD :? >65:42= 3:==:?8 >2<6 >2EE6CD H@CD6[ |4r2== 6IA=2:?D] |65:42= 3:==D 7C6BF6?E=J :?4=F56 4@5:?8 6CC@CD[ H9:49 4@F=5 C6DF=E :? E96 A2E:6?E’D 7:?2?4:2= C6DA@?D:3:=:EJ 36:?8 72C =2C86C E92? 6IA64E65]k^Am Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | SoundStack | All Of Our Podcasts kAm|4r2== k2 9C67lQ9EEADi^^HHH]J@FEF36]4@>^H2E49nGlwJbq"8@)6;pQmD92C65 2? 6I2>A=6k^2m @7 E9:Di (96? D96 H2D :? E96 9@DA:E2= 8:G:?8 3:CE9[ D96 H2D 8:G6? 2? 2DA:C:?] qFE E96 3:== D96 C646:G65 =2E6C :?5:42E65 E92E :?DE625 @7 36:?8 492C865 7@C @?6 2DA:C:? W23@FE Sc A6C A:==X D96 H2D 492C865 7@C E96 6?E:C6 3@EE=6 W2C@F?5 Sd__X]k^Am kAm%96 4C65:E C6A@CE:?8 DJDE6> “7@C46D A2E:6?ED 2?5 E96:C 72>:=:6D E@ A2J 3:==D H9@D6 244FC24J E96J 5@F3E[” D2:5 r@?DF>6C u:?2?4:2= !C@E64E:@? qFC62F Wru!qX s:C64E@C #@9:E r9@AC2 :? k2 9C67lQ9EEADi^^HHH]4@?DF>6C7:?2?46]8@G^23@FE\FD^?6HDC@@>^AC6A2C65\C6>2C<D\@7\5:C64E@C\C@9:E\49@AC2\@?\?6H\47A3\>65:42=\563E\C6A@CEQm2 DE2E6>6?Ek^2m @? |2C49 `] %96 2??@F?46>6?E 7C@> E96 E9C66 4C65:E 3FC62FD 42>6 D9@CE=J 27E6C E96 ru!q 2??@F?465 :E H@F=5 D4CFE:?:K6 4C65:E 3FC62F AC24E:46D C682C5:?8 >65:42= 563E 2?5 :?G6DE:82E6 A@E6?E:2= :>AC@G6>6?ED E@ E96 >65:42= 3:==:?8 2?5 4@==64E:@?D DJDE6>]k^Am k9amw@H E@ s62= (:E9 |65:42= q:==D q67@C6 %96J v@ E@ r@==64E:@?Dk^9amkAm|4r2== @776CD 7@FC E:AD 7@C >2?28:?8 >65:42= 3:==D]k^Am k9bm`] #6BF6DE 2? xE6>:K65 q:==k^9bmkAmx7 J@F H6C6?’E 6IA64E:?8 2 3:== 7@C >65:42= D6CG:46D @C E96 E@E2= @? J@FC E23 :D 9:896C E92? J@F 2?E:4:A2E65[ 2D< E96 3:==:?8 56A2CE>6?E 7@C >@C6 :?7@C>2E:@?]k^AmkAmtG6? :7 J@F 42? 277@C5 2 >65:42= 3:==[ |4r2== D2JD E@ C6BF6DE 2? :E6>:K65 DE2E6>6?E E92E D9@HD 2== E96 3:==:?8 4@56D 7@C E96 42C6 J@F C646:G65]k^Am kAmx7 D@>6E9:?8 5@6D?’E >2E49 J@FC 6IA6C:6?46 @C E96 6IA=2?2E:@? @7 36?67:ED J@F C646:G65 7C@> J@FC :?DFC2?46 4@>A2?J[ 2D< E96 3:==:?8 56A2CE>6?E 9@H J@F 42? 5:DAFE6 E96 492C86]k^Am k9bma] pD< 7@C 2 r2D9 s:D4@F?Ek^9bmkAm~?46 J@F’C6 DFC6 J@FC 3:== :D 4@CC64E[ 2D< E96 9@DA:E2= :7 E96C6 :D 2 42D9 5:D4@F?E 7@C A2J:?8 :? 42D9[ @C :7 E96C6’D 2 A2J>6?E A=2? 2G2:=23=6[ |4r2== D2JD]k^AmkAmx7 J@F 5@?’E 92G6 6?@F89 :? J@FC 6>6C86?4J 7F?5 E@ A2J J@FC >65:42= 3:==[ 2 A2J>6?E A=2? E9C@F89 J@FC 962=E9 42C6 AC@G:56C 42? 36 2 36EE6C @AE:@? E92? EFC?:?8 E@ 2 4C65:E 42C5 @C A6CD@?2= =@2? E@ 4@G6C E96 4@DE]k^Am kAm*@FC 962=E9 42C6 AC@G:56C >2J @776C 2 ?@\:?E6C6DE @C =@H\:?E6C6DE A2J>6?E A=2? E@ DAC625 @FE J@FC A2J>6?ED @G6C E:>6 H:E9@FE E96 25565 4@DE @7 9:89 :?E6C6DE C2E6D]k^Am k9bmb] $66< u:?2?4:2= pDD:DE2?46k^9bmkAm|2?J 9@DA:E2=D 6>A=@J 25G@42E6D H9@ 96=A A2E:6?ED H:E9 7:?2?4:2= 5:77:4F=EJ[ |4r2== 6IA=2:?D] pD< E96 >65:42= AC@G:56C’D 3:==:?8 56A2CE>6?E :7 E96C6’D 2 7:?2?4:2= 2:5 AC@8C2> 7@C A6@A=6 H9@ 92G6 2 92C5 E:>6 A2J:?8 E96:C >65:42= 3:==D]k^Am kAm$@>6 9@DA:E2=D H:== HC:E6 @77 J@FC 563E 4@>A=6E6=J @C 5C2>2E:42==J C65F46 E96 2>@F?E J@F @H6]k^AmkAm|4r2== D2JD 3:==:?8 56A2CE>6?ED 2C6 FD65 E@ 962C:?8 A2E:6?ED D2J[ “x 5@?’E 92G6 E96 7F?5D E@ A2J E9:D” @C “x 5@?’E E9:?< x H2D 3:==65 4@CC64E=J]” s@?’E 36 2D92>65 E@ 2D< 7@C 96=A]k^Am k9bmc] r964< q:==D %92E w2G6 p=C625J v@?6 E@ r@==64E:@?Dk^9bmkAmx7 J@F 92G6 >65:42= 563E E92E’D 2=C625J 8@?6 E@ 4@==64E:@?D[ 4964< E@ >2<6 DFC6 E96 563E 4@==64E@C 92D?’E 25565 6IEC2 766D E@ J@FC E@E2= 5F6] %@ 7:?5 E96 766 D4965F=6 7@C J@FC @C:8:?2= >65:42= 3:==[ J@F >2J ?665 E@ 4@?DF=E 5@4F>6?ED J@F D:8?65 2E E96 9@DA:E2= @C 962=E9 42C6 724:=:EJ]k^Am kAm|4r2== 6IA=2:?D >65:42= 563E @7E6? 86ED D@=5 2>@?8 563E 4@==64E@CD[ 2?5 E9:D 42? 36 5@?6 D6G6C2= E:>6D @G6C E96 =:76 @7 E96 563E] $@>6 563E 4@==64E@CD H:== ECJ E@ 255 ?6H 766D @?E@ J@FC 3:==[ D96 D2JD[ “:? 2? 2EE6>AE E@ D42C6 J@F :?E@ A2J:?8 E96 563E BF:4<=J @C A2J:?8 >@C6 @7 E96 563E]”k^Am kAmp55:?8 766D 36J@?5 E9@D6 DA6==65 @FE :? E96 @C:8:?2= 4@?EC24E :D 2 G:@=2E:@? @7 7656C2= =2H]k^AmkAmx7 J@F 5:D4@G6C 2 563E 4@==64E@C 92D 25565 :==682= 766D[ k2 9C67lQ9EEADi^^4@?DF>6C]7E4]8@G^2CE:4=6D^563E\4@==64E:@?\72BDRC6A@CEQmC6A@CE :Ek^2m E@ E96 u656C2= %C256 r@>>:DD:@?[ ru!q[ 2?5 J@FC DE2E6 2EE@C?6J 86?6C2=] x7 J@F 7:?5 E96 6IEC2 766D H:E9:? 2 J62C @7 E96 4@==64E@C 3C62<:?8 E96 =2H[ J@F 2=D@ 92G6 E96 @AE:@? E@ DF6 E96 563E 4@==64E@C E@ 92G6 E96 766D C6>@G65—3FE J@F’== DE:== 36 C6DA@?D:3=6 7@C E96 @C:8:?2= 563E :? 4@==64E:@?D]k^Am kAmk6>mp2C@? wFC5 2=D@ 4@?EC:3FE65 E@ E9:D 2CE:4=6]k^6>mk^Amk9bm|@C6 7C@> u@C36D p5G:D@Ck^9bm kF=mk=:mk2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\7:?2?46^DE2E6D\>2?52E:?8\A6CD@?2=\7:?2?46\:?\D49@@=^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQm%96D6 $E2E6D }@H #6BF:C6 $EF56?ED %@ {62C? p3@FE !6CD@?2= u:?2?46k^2mk^=:mk=:mk2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\7:?2?46^AC6A2C6\7@C\64@?@>:4\5@H?EFC?^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQmc %:AD u@C $EC6?8E96?:?8 *@FC u:?2?46D q67@C6 p #646DD:@? w:EDk^2mk^=:mk=:mk2 9C67lQ9EEADi^^HHH]7@C36D]4@>^25G:D@C^A6CD@?2=\7:?2?46^82D\C632E6\A2J>6?ED^nFE>0D@FC46lDJ?5U2>AjFE>0>65:F>lCDDU2>AjFE>042>A2:8?l=66Q C6=lQ?@7@==@HQm(:== r@?8C6DD !2DD #632E6 !2J>6?ED u@C $@2C:?8 v2D !C:46Dnk^2mk^=:mk^F=m In this Series Check out the week's best financial reads from experts: Updated Apr 8, 2022 PennyWise podcast: Environmentally conscious updates and your tax credits! Updated Apr 8, 2022 Can You Negotiate Your COVID-19 Hospital Bills? Updated Apr 8, 2022 What a Tax Holiday at the Gas Pump Means for You 7 updates Previous 0 Comments The business news you need Get the latest local business news delivered FREE to your inbox weekly. Sign up! * I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy. Related to this story Watch Now: Related Video The 10 safest cities in the United States Tips to stay safe from financial scams | PennyWise podcast Tips to stay safe from financial scams | PennyWise podcast World Set for Hottest Month on Record World Set for Hottest Month on Record Key Inflation Rate Hits Lowest Annual Level in Almost 2 Years Key Inflation Rate Hits Lowest Annual Level in Almost 2 Years