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
Joe Biden Reduces Medical Debt 'Burden' For Millions of Americans
Americans owed a total of $220 billion in medical debt in February 2024, with approximately 14 million people (six percent of adults) indebted by more than $1,000. Around three million people (one percent of adults) owed medical debt of more than $10,000.
New rule removes unpaid medical bills from credit reports
The Biden administration has moved to ban unpaid medical bills from appearing on credit reports, making it easier for people to borrow money for mortgages, car loans or small business loans. The Consumer Financial Protection Bureau rule,
Biden administration bans unpaid medical bills from appearing on credit reports
Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans.
Medical debt banned from appearing on credit reports in new Biden administration rule
Unpaid medical bills will no longer appear on consumer credit reports, which can result in people being blocked mortgages and car loans. Here's what to know about the newly-announced rule.
New Biden rule would remove medical debt from millions of credit reports
The Biden Administration announced an initiative Tuesday to remove an estimated $49 billion in medical debt from credit reports.
As Biden nears exit, US bans medical debt from credit reports
President Joe Biden's outgoing administration announced on Tuesday a ban on medical debt in American consumers' credit reports, making good on a campaign year pledge less than two weeks before leaving office.
Biden Administration bars medical debt from credit scores
The move, which comes less than two weeks before President-elect Donald Trump is set to take office, represents a challenge to the new administration.
Medical debt soon will be banned on credit reports
Americans won’t have to worry about unpaid medical bills damaging their credit reports and scores much longer.
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