Wednesday, April 29, 2015


Last month,  Attorney General Eric T. Schneiderman announced a settlement with the three leading national credit reporting agencies, Experian, Equifax and TransUnion, in order to assist consumers:

1. Transform the automated credit dispute resolution process to specially trained employees.

2. Establishing a six month waiting period before reporting medical debts on a credit report.

3. Removing medical debts from a credit report after the debt is paid by insurance.

4.  Publicizing the availability of free yearly credit reports from each agency (also have to provide a free report to consumers who experience a change in their credit reports after initiating a dispute).

The full announcement can be found at this link:

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