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The score would almost certainly qualify as a credit report that you are guaranteed access to buy the fair credit reporting act. Pretty much, this article gets

The score would almost certainly qualify as a credit report that you are guaranteed access to buy the fair credit reporting act. Pretty much, this article gets the facts wrong in the first two sentences.

SolaceQuantum 7y ago
So, where do we buy our medical credit reports?
- techntoke 7y ago
  The dark web
hedora 7y ago
I doubt it. The hospital isn’t extending an offer for credit, so the law probably doesn’t apply. Also, from personal experience, the FCRA reports are useless. The credit reporting agencies report completely different scores to consumers than banks, and give false information about how to increase your real score. In particular, doing things that benefit banks (such as opening more credit cards) increases the consumer visible scores, but not the scores used in many real estate transactions. The entire credit reporting industry should be outlawed. If I owe you money and won’t pay, sue me. If you want to gauge my credit worthiness, look at my income, and check for court decisions against me.
- the_svd_doctor 7y ago
  FCRA doesn’t only apply to credit but also housing and employment for instance. I din’t know wether it applies to healthcare though.
- tialaramex 7y ago
  Two things, having worked for a big Credit Reference Agency although not specifically on consumer credit. 1. The commercial customers can (for a fee of course) arbitrarily customize the metrics they care about. If you're looking for customers for your high APR "accept anyone" card you don't actually want the person with a squeaky clean history who'll never incur interest. But the recommendations do correlate pretty well with getting what most of us would consider better credit. Lower rates, better terms. 2. The CRAs grew naturally out of what happened before this data was available. Experian, for example, is essentially spun out from a mail order catalog company. So what your plan does is just waste everybody's time for a decade or two and then we're back here again but meanwhile the poorest people have no access to credit.
- JohnFen 7y ago
  > The hospital isn’t extending an offer for credit That's exactly what the hospital is doing when it doesn't require payment at the time services are performed.

SolaceQuantum 7y ago

So, where do we buy our medical credit reports?

techntoke 7y ago
The dark web

hedora 7y ago

I doubt it. The hospital isn’t extending an offer for credit, so the law probably doesn’t apply. Also, from personal experience, the FCRA reports are useless. The credit reporting agencies report completely different scores to consumers than banks, and give false information about how to increase your real score. In particular, doing things that benefit banks (such as opening more credit cards) increases the consumer visible scores, but not the scores used in many real estate transactions. The entire credit reporting industry should be outlawed. If I owe you money and won’t pay, sue me. If you want to gauge my credit worthiness, look at my income, and check for court decisions against me.

the_svd_doctor 7y ago
FCRA doesn’t only apply to credit but also housing and employment for instance. I din’t know wether it applies to healthcare though.
tialaramex 7y ago
Two things, having worked for a big Credit Reference Agency although not specifically on consumer credit. 1. The commercial customers can (for a fee of course) arbitrarily customize the metrics they care about. If you're looking for customers for your high APR "accept anyone" card you don't actually want the person with a squeaky clean history who'll never incur interest. But the recommendations do correlate pretty well with getting what most of us would consider better credit. Lower rates, better terms. 2. The CRAs grew naturally out of what happened before this data was available. Experian, for example, is essentially spun out from a mail order catalog company. So what your plan does is just waste everybody's time for a decade or two and then we're back here again but meanwhile the poorest people have no access to credit.
JohnFen 7y ago
> The hospital isn’t extending an offer for credit That's exactly what the hospital is doing when it doesn't require payment at the time services are performed.