Is an unpaid medical bill dragging your credit score down? The Biden administration recently announced that such bills will no longer appear on credit reports, and the average score is expected to rise 20 points as a result. This change could result in 22,000 additional mortgages being approved yearly. The Consumer Financial Protection Bureau decision will remove $49 billion in medical debt from the credit reports of over 15 million Americans. “No one should be denied economic opportunity because they got sick or experienced a medical emergency,” Vice President Kamala Harris said in a statement. (newser)
Phone Topic: What’s the most you’ve had to pay out-of-pocket for a medical expense?
