In sweeping change, Biden administration to ban medical debt from credit reports
abcnews.go.com
The rule could go into effect sometime next year, CFPB Director Rohit Chopra told ABC News in an exclusive interview ahead of the policy announcement.
    • Scary le Poo@beehaw.org
      12·
      5 months ago

      However, of you apply for a loan and they look at your credit report, they will see outstanding medical debt which very well could affect whether you get the loan.

  • millie@beehaw.orgEnglish
    3·
    5 months ago

    Oh… Is this why my credit is garbage? I assumed it was the bank accounts I lit on fire when I was a teenager.

    • harrys_balzac@lemmy.dbzer0.com
      6·
      5 months ago

      Well, that as well.

      Having medical debt removed from your credit report may not impact your score a lot but it does help when applying for any loans where they do actually look at your report.

  • t3rmit3@beehaw.org
    2·
    5 months ago

    Better late than never. Kudos to him.

    The credit system is a scam, and shouldn’t exist.