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.
Medical Debt Will Now Be Wiped From Credit Reports
A new Consumer Financial Protection Bureau rule means consumers’ hospital and doctor bills can no longer weigh down their credit scores.
$49 billion in medical debt will be wiped off Americans' credit reports—what you need to know
The Consumer Financial Protection Bureau has finalized a rule to keep medical bills off of consumers’ credit reports.
How your credit score could jump by as much as 20 points without you having to do anything
The CFPB estimates credit scores could jump by up to 20 points when medical debt disappears from reports. That impact can be ...
Medical debt banned from credit reports, but experts encourage those who owe to pay what they can
Despite creditors being banned from considering medical debt for those looking to get a loan, experts say those who owe money ...
Afro13d
Federal government issues new rule eliminating medical debt on credit reports
New CFPB rule removes medical debt from credit reports, impacting 15 million Americans. The rule aims to improve credit ...
St. Louis American10d
Many Missourians will avoid medical debt credit woes
While an overwhelming majority of Missouri votes voted against her, Vice President Kamala Harris has ensured that state ...
East Texas economist discusses Biden administration’s removal of medical debt from credit reports
It’s probably a good thing,” said economist Dr. Ray Perryman. “The credit rating agencies themselves had already begun to do some of this.” ...
Bismarck seniors say removing medical debt from credit report is a net positive
BISMARCK, N.D. (KFYR) - The Biden Administration finalized a new rule Tuesday that would erase medical debt from credit ...
Will collections debt go away if I file for bankruptcy?
The short answer is yes, most collections debt can be eliminated through bankruptcy, but the type of bankruptcy you file ...
$49B in medical debt wiped from credit reports
Millions of Americans could see a credit score boost thanks to a new rule banning medical debt from appearing on credit reports. According to the Consumer Financial Protection Bureau, the change will ...
Morningstar13d
What happens if you don't pay a medical bill, now that medical debt may not hurt your credit score?
So if pending medical debt doesn't factor into a credit score, how far can people go when staring down a stack of doctors' bills? Can they simply not pay them? Credit-reporting trade groups are ...