1y ago

In sweeping change, Biden administration to ban medical debt from credit reports | ABC News

abcnews.go.com

In sweeping change, Biden administration to ban medical debt from credit reports

1y ago

In sweeping change, Biden administration to ban medical debt from credit reports | The rule, first reported by ABC News, could go into effect sometime next year.

abcnews.go.com /Politics/sweeping-change-biden-administration-ban-medical-debt-credit/story

5 comments

Tread lightly with the impact of this. Medical debt already doesn't affect credit scores.
- 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.
Better late than never. Kudos to him.
The credit system is a scam, and shouldn't exist.
Oh.. Is this why my credit is garbage? I assumed it was the bank accounts I lit on fire when I was a teenager.
- 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.