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Reports of unpaid debt can tank an otherwise strong credit score. The new CFPB rule would change that for about 15 million Americans with medical debt on their credit reports.
A rising number of Americans are filing consumer complaints about medical billing and collection, with many saying they are being billed for services they didn't receive, according to a new report...
After that report, the three largest credit reporting companies agreed to remove several forms of debt from credit reports: paid medical debts, unpaid medical debts less than a year old and ...
Undue Medical Debt, formerly RIP Medical Debt, [1] is a Long Island City–based 501(c)(3) charity [2] focused on the elimination of personal medical debt. [3] Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico, [4] the charity purchases portfolios of income-qualifying medical debt from debt collectors and healthcare providers, and then relieves the debt. [5]
(The Center Square) – The Consumer Financial Protection Bureau finalized a rule that would remove medical bills from credit reports and prevent lenders from using medical information in lending ...
Unpaid medical bills would be banned from being included on Americans’ credit reports under a new rule the Consumer Financial Protection Bureau announced that it had finalized on Tuesday, the ...
Medical debts on credit reports are also frequently riddled with errors, according to CFPB analyses of consumer complaints, which the agency found most often cite issues with bills that are the ...
Research from the Consumer Financial Protection Bureau finds that as of 2021, 58% of debt in collections was related to medical bills. The next most common form of debt in collections ...
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