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:
http://www.ag.ny.gov/press-release/ag-schneiderman-announces-groundbreaking-consumer-protection-settlement-three-national
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