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Court Ruling Brings Medical Debt Back to Credit Reports—Here’s How to Keep It From Ruining Your Finances
Unpaid medical bills are back on the table, which could mean lower credit scores for millions. A federal judge in Texas has struck down the Consumer Financial Protection Bureau’s (CFPB) new rule that would have removed medical debt from consumer credit reports,
Trump-Appointed Judge Kills Rule to Remove All Medical Debt From Credit Reports
The CFPB pushed further, however, finalizing a rule in early January barring all medical debt from influencing people’s credit scores. It estimated that the rule would remove roughly $49 billion in medical bills from the credit reports of 15 million Americans, raising their scores by an average of 20 points.
Finance companies can continue to make lending decisions based on information about medical bills contained in consumer credit reports, a judge rules.
The rule would have removed more than $49 billion in medical bills from the credit reports of about 15 million Americans, the ...
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