Our credit score has quietly become part of our identity. So-called-experts have made an entire industry out of sharing the newest secret to improving your credit score.
But what's the real secret? Medical debt. Fifty percent of the notations on credit reports are due to medical debt. To be blunt: the credit reporting industry relies on patients' medical debt information that should probably never have been on a credit report to begin with.
Why is that? Research has shown that including medical debt on a credit report actually makes the report less accurate and less predictive of a consumers' ability to pay.
Read Full Article »