Unpaid medical debt will no longer affect credit scores, according to a new rule from Biden administration regulators who ...
A new federal rule prevents medical debt from counting against Americans seeking credit for a variety of purposes.
A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their ...
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a ...
However, Deal cautions that the removal of medical debt from credit reports does not absolve individuals from responsibility. “You are still liable for the debt,” she emphasized. “Creditors can still ...
This week’s new rule by the Biden Administration will keep medical debt off of credit reports. It affects more than 15 million Americans and removes nearly $50 billion from 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 ...
The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including ...
The change is estimated to raise the credit scores by an average of 20 points and could lead to 22,000 additional mortgages ...
The future of the new rule remains in question, however, with President-elect Donald J. Trump set to return to the White ...
Millions of Americans could see a credit score boost thanks to a new rule banning medical debt from appearing on credit ...
The Biden Administration announced an initiative Tuesday to remove an estimated $49 billion in medical debt from credit ...