A new federal rule will eliminate medical debt from credit reports #shorts

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#washingtonexaminer #creditreporting #creditcard #hospital #hospitalbills #congress #creditscore

The Consumer Financial Protection Bureau on Tuesday finalized a new federal rule that would eliminate medical debt from consumer credit reports.

There is an estimated $49 billion in unpaid medical bills from the credit reports of roughly 15 million Americans, according to the bureau. Eliminating medical debt on people’s credit scores could help boost those borrowers’ scores by an average of 20 points, which would help them qualify for mortgages and other loans.

Read the full story here:
https://www.washingtonexaminer.com/news/white-house/3279179/new-federal-rule-eliminate-medical-debt-credit-reports/

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https://www.washingtonexaminer.com/
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