Removing medical debt from credit reports opens door to economic opportunity: 'It gives me hope'
The change is expected to boost millions of people's credit scores and helping them qualify for home mortgages. It's unclear whether President Donald Trump will reverse the federal rule announced Jan.
New rule removes medical debt from credit reports, offering relief to millions
A groundbreaking rule from the Consumer Financial Protection Bureau will eliminate medical debt from credit reports starting March 17, potentially giving millions a fresh start.
Medical debt banned from credit reports, but experts encourage those who owe to pay what they can
Despite creditors being banned from considering medical debt for those looking to get a loan, experts say those who owe money should still be paying what they can.
Medical debt to be wiped from credit reports | What's the Deal?
can cost a fortune 15 million people should see medical debt disappear
CFPB’s Recent Rule Eliminates Medical Debt from Credit Reports
On January 7, 2025, the Consumer Financial Protection Bureau (“CFPB”) published a final Rule (the “Rule”) that prohibits consumer reporting agencies from including individuals’ medical debt on consumer credit reports.
New rule bans medical debt from credit reports
Medical debt is a tough burden for people and hurts credit scores, but a new rule is removing that debt form credit reports. FOX 26's Heather Sullivan spoke with Paul Oster with Better Qualified who shares more on the CFPB's new rule banning medical debt from credit reports.
What To Do If You’re Struggling With Medical Debt
Over 100 million Americans are saddled with medical debt, but a few initiatives are addressing — or even eliminating — it.
Don't pay your medical bills in America without taking these 3 steps first — ignoring them could cost you thousands
Before paying medical bills, follow these essential steps, like requesting an itemized bill to save on hidden costs.
Medical debt no longer blocks homeownership
A few weeks ago, the outgoing Biden administration announced the Consumer Financial Protection Bureau rule. The move banned unpaid medical bills from appearing on credit reports, which can bar people ...
How to Negotiate Your Medical Bills
Everything is negotiable, as the saying goes—and that includes medical bills. Although many people assume their health care ...
Alex Kleyner on Medical Debt: Why Addressing the Problem Matters
NEW YORK CITY, NY / ACCESS Newswire / January 30, 2025 / The financial strain of medical debt has long been a silent burden for millions of Americans, often arising from emergencies, hospital stays, ...
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Nervous to Look at Your Medical Bills? 6 Tips to Help You Deal With Them
The hospital bill arrives in the mail, and you’re tempted to throw it away (again) without opening it. After all, you don’t ...
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First Mennonite Church aims to forgive $3.1 million in medical debt
The First Mennonite Church of Champaign-Urbana is on a mission of education and fundraising which could potentially wipe out millions in medical debt.