New Rule Erases Medical Debt From Credit Reports

Biden admin moves to scrub medical debt from credit reports. What you need to know
Biden admin moves to scrub medical debt from credit reports. What you need to know - Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans
Medical debt will no longer impact your credit under new federal rule
A new federal rule prevents medical debt from counting against Americans seeking credit for a variety of purposes. Finalized Tuesday by the Consumer Financial Protection Bureau (CFPB), the rule bans the inclusion of medical debt on credit reports while also prohibiting lenders from considering medical information in their approval decisions.
New Rule Erases Medical Debt From Credit Reports: What It Means For You
If you have any medical debt, you’ll be glad to know it will no longer appear on your credit report. On Tuesday, the Consumer Financial Protection Bureau (CFPB) announced the finalization of a rule that will remove an estimated $49 billion in medical bills from the credit reports of approximately 15 million people nationwide.
CFPB finalizes rule to remove medical debt from credit reports
The Consumer Financial Protection Bureau finalized a rule that would remove medical bills from credit reports and prevent lenders from using medical information in lending decisions. The federal agency said the rule would remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.
Medical Debt Won't Hurt Your Credit Score Anymore
However, it's important to note that while this rule prevents medical debt from affecting credit scores, it doesn't eliminate the debt itself. You should still work with healthcar
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