Sunday, August 02, 2009

Kilroy's New Legislation

Democratic Rep. Mary Jo Kilroy (OH-15) has introduced new legislation that would definitely help consumers with medical debt.

Dallas News:

...U.S. Rep. Mary Jo Kilroy, D-Ohio, who introduced legislation that would keep medical debt from haunting your credit record after it's paid off.

Her bill would require medical debt that has been paid off or settled to be removed from credit records within 30 days of resolution....

....Medical debt was a factor in 62 percent of personal bankruptcies nationally, and 75 percent of those filers had health insurance, according to a study released in June in The American Journal of Medicine....

Kilroy has studied the problem associated with medical debt. This bill clearly offers a new approach to help people protect their all important credit records.