Fort Walton Bankruptcy Lawyers Highlight Efforts to Reduce Impact of Medical Debt on Credit Scores

Fort Walton, Florida. — Lewis and Jurnovoy, locals bankruptcy lawyers in Fort Walton, FL, believe it is important to keep abreast of changes and trends surrounding bankruptcy in the country so that they can represent clients to the best of their abilities and keep their community informed. Currently, they highlight recent changes made by President Biden in an effort to reduce the impact of medical debt on individuals’ credit scores.

Currently, one-third of American adults have medical debt. This has consequently made medical debt the leading cause of personal bankruptcy in the country, above car loan and credit card debt. However, an information room fact sheet on states that “Medical debt causes credit scores to underestimate creditworthiness by up to 22 points. As a result, the inclusion of medical debt in credit reports and in credit scores and loan underwriting may prevent American from financial opportunity while not improving the accuracy and predictability of loan programs. This confirms the view that medical debt cannot be used as a reliable indicator of a person’s financial situation.

Some of the nation’s largest credit reporting agencies, Transunion, Equifax and Experian, have announced that credit reports will no longer include certain forms of medical debt. However, to the disappointment of many, the criteria for medical debts that are no longer represented do not include those that exceed $500. Even so, the Biden-Harris administration is taking steps to mitigate the impact of medical debt on credit scores, ensuring individuals still have access to forgiveness programs, future loans, and more.

For people who need immediate debt relief medical debt or other sources of debt, Lewis and Jurnovoy can help. They serve customers in Fort Walton and the rest of the Florida Panhandle. Since no two financial situations are the same, Lewis and Jurnovoy work hard to ensure the best possible results for every unique client. For more information or to schedule a free consultation, contact Lewis and Jurnovoy at (850) 863-9110 or visit them online at


For more information about Lewis & Jurnovoy, PA-FWB, contact the company here:

Lewis & Jurnovoy, PA – FWB
Steven D. Jurnovoy and Martin S. Lewis
(850) 863-9110
[email protected]
151 South Mary Esther Cut Off NW Ste 103, Mary Esther, FL 32569

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