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Americans won’t have to worry about unpaid medical bills damaging their credit reports and scores much longer.
The rule, announced by the Consumer Financial Protection Bureau, prohibits unpaid medical bills from appearing on credit reports used to determine if people qualify for loans on things like homes and ...
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Americans owed a total of $220 billion in medical debt in February 2024, with approximately 14 million people (six percent of adults) indebted by more than $1,000. Around three million people (one ...
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Unpaid medical bills will no longer appear on consumer credit reports, which can result in people being blocked mortgages and car loans. Here's what to know about the newly-announced rule.