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In sweeping change, Biden administration to ban medical debt from credit reports | ABC News (abcnews.go.com)

submitted 5 months ago by theangriestbird@beehaw.org to c/usnews@beehaw.org

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[–] Powderhorn@beehaw.org 11 points 5 months ago (1 children)

Tread lightly with the impact of this. Medical debt already doesn't affect credit scores.

[–] Scary_le_Poo@beehaw.org 13 points 5 months ago

However, of you apply for a loan and they look at your credit report, they will see outstanding medical debt which very well could affect whether you get the loan.

[–] t3rmit3@beehaw.org 4 points 5 months ago

Better late than never. Kudos to him.

The credit system is a scam, and shouldn't exist.

[–] millie@beehaw.org 3 points 5 months ago (1 children)

Oh.. Is this why my credit is garbage? I assumed it was the bank accounts I lit on fire when I was a teenager.

[–] harrys_balzac@lemmy.dbzer0.com 7 points 5 months ago

Well, that as well.

Having medical debt removed from your credit report may not impact your score a lot but it does help when applying for any loans where they do actually look at your report.