Reading Time: < 1 minute

Medical debt is often considered to be one of the biggest burdens many Americans face in maintaining their credit scores. According to reports, a new move by the WH will now eliminate medical debt from reports all together with a new proposed rule change.

The Lowdown

The White House has announced a new move set to affect the credit reports of nearly 46m Americans. NBC reports that the announcement outright bans medical debt from appearing on credit reports, which is expected to raise the average consumer credit score at least twenty points. A public comment period will take place through early August though the rule would not take flight until next year if it were to become on the books.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Bazaar Daily News
Translate »

Discover more from Bazaar Daily News

Subscribe now to keep reading and get access to the full archive.

Continue reading

Verified by MonsterInsights