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.
How removing unpaid medical bills from credit reports could help consumers
Lenders soon won't be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans.
Hollywood Stars Fundraise to Help People Pay Medical Bills
Matt Damon has become the latest celebrity to chip in to a fundraiser helping people pay their medical bills. First launched in December by Veronica Mars actress Kristen Bell and internet personality Tommy Marcus, better known as Quentin Quarantino, the page raises awareness of different health-related fundraisers.
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.
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.
Medical debt to be barred from credit reports - a FOX 4 report
Medical debt to be barred from credit reports - a FOX 4 report
Medical debt will no longer impact your credit under new federal rule
A new federal rule prevents medical debt from counting against Americans seeking credit for a variety of purposes. Finalized Tuesday by the Consumer Financial Protection Bureau (CFPB), the rule bans the inclusion of medical debt on credit reports while also prohibiting lenders from considering medical information in their approval decisions.
Bismarck seniors say removing medical debt from credit report is a net positive
The Biden Administration finalized a new rule Tuesday that would erase medical debt from credit reports. That should positively impact roughly 15 million American’s credit scores, according to the Consumer Financial Protection Bureau.
New Rule Erases Medical Debt From Credit Reports: What It Means For You
If you have any medical debt, you’ll be glad to know it will no longer appear on your credit report. On Tuesday, the Consumer Financial Protection Bureau (CFPB) announced the finalization of a rule that will remove an estimated $49 billion in medical bills from the credit reports of approximately 15 million people nationwide.
What the new medical debt-credit report rule could mean for patients, health industry
The Consumer Financial Protection Bureau's move could lead to providers seeking high payments before treatment, an economist warns. A health scholar says it could protect patients' financial futures.
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