Biden Bans Medical Debt From Credit Reports
This landmark Biden administration rule eliminates medical debt from consumer credit reports, significantly impacting credit scores. The new regulation prevents lenders from using unpaid medical bills to assess creditworthiness. This change aims to alleviate the financial burden of medical debt on millions of Americans and promote fairer lending practices. The impact is expected to improve access to credit for those previously hindered by medical debt.
John Q. Hosedrinker