this post was submitted on 08 Jan 2025
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US bans medical debt from credit reports as Biden nears exit (www.aljazeera.com)
submitted 1 day ago by [email protected] to c/[email protected]
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Author: Unknown
Published on: 08/01/2025 | 00:00:00

AI Summary:
Consumers in the United States will no longer have medical debt appear on their credit reports. Under the change, an estimated $49bn in medical debt will be struck from the credit reports of more than 15 million Americans. The consumer watchdog said its research showed that medical debt is a poor predictor of whether a loan will be repaid.

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