Medical debt may not hurt your credit score, a new rule says. What happens if you don’t pay the bill?
Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who want to mitigate the financial repercussions of those bills.
New Biden rule would remove nearly $49B in medical debt from millions of credit reports
The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.
New rule can be very good news for your credit score
Medical debt — a burden for nearly 15 million people in the country — will no longer haunt consumers' credit reports, according to a new federal rule that was finalized on Tuesday.
Industry Groups Sue Over Biden Ban on Medical Debt From Credit Reports
The agency said the rule would remove $49 billion in medical debts from the credit reports of about 15 million Americans. It was adopted despite demands from Republicans in Congre
Medical debt to be stripped from credit reports by federal rule. What to know
With a new rule from the Consumer Financial Protection Bureau, you could find it easier to get a loan even with medical debt.
Biden administration bars medical debt from credit scores
The rules ban credit agencies from including medical debts on consumers' credit reports and prohibit lenders from considering medical information in assessing borrowers.
How Removing Unpaid Medical Bills From Credit Reports Could Help Consumers
Lenders soon won't be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans
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