New CFPB Rule Keeps Medical Debt Off Credit Reports: What You Need to Know
Americans will no longer have to decide what’s more important: Their health or their credit score. Finalized on January 7, a new rule from the Consumer Financial Protection Bureau (CFPB) prohibits ...
What happens if you don’t pay a medical bill, now that medical debt may not hurt your credit score?
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 ...
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Have Medical Debt? Your Credit Score Could Increase Under New Policy
Still, the CFPB found that about $50 billion of medical debt remained on the credit reports of millions of Americans afterward. Credit scores and the reports they’re based on are commonly used ...
Opinion | Biden is banning medical debt from credit reports. That's excellent.
The Consumer Financial Protection Bureau's rule banning medical debt from credit reports is the right thing to do in every ...
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Biden’s New Rule Could Stymie High Medical Debt Rates Among Black Americans
President Joe Biden finalized a rule that eliminates unpaid medical bills from credit reports, a change expected to free ...
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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 ...
Feds aim to enact rule similar to Minnesota banning medical debt from credit reports
LAKEVILLE, Minn. — A federal policy finalized last week by the Consumer Financial Protection Bureau (CFPB) will ban medical ...
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 ...