Medical debt is over half of debt on credit reports. This affects 43 million Americans. An investigation by the New York state attorney general led to a settlement with three credit bureaus that will apply nationally. The agreement includes a 180-day wait, allowing time for insurance payments, and when existing medical debt is paid, the default will be deleted from the credit record. Generally, credit scores will improve. It does not address high charges for health care. Gregory Karp covers the settlement in his piece "Credit bureaus to offer relief to consumers with medical debt" published by the Chicago Tribune in 3-9-15. LEARN MORE. Several other publications had their own write-up about the agreement.