Credit Agencies in Pact to Cut Errors, Help Medical Debtors

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The three leading U.S. consumer credit reporting agencies agreed to make sweeping changes to improve accuracy of reports and increase protection for consumers with medical debt.

Equifax Information Services LLC, Experian Information Solutions Inc. and TransUnion LLC made the agreement with New York Attorney General Eric Schneiderman, set to be announced Monday. Combined, the companies maintain credit information for about 200 million U.S. consumers.