PORTLAND, Ore. (KOIN) — Several major advocacy groups are getting behind a bill introduced by Oregon Senator Jeff Merkley in Washington, D.C.
It’s an effort they say could help your credit score.
The “Medical Debt Relief Bill” would have medical debts under $2,500 removed from a person’s credit report 45 days after being paid in full.
Merkley argues medical debt is not a fair indication of someone’s credit risk.
Various versions of this bill, including the 2010 Medical Debt Relief Act, have been tried in previous House sessions but have failed to pass. The 2010 act called for exclusion of all fully-paid medical debts that had gone into collection.