#credit-reports

#credit-reports

Medical debt will be removed from consumer credit reports, impacting over 15 million Americans and improving their credit scores by an average of 20 points.

Lenders cannot consider unpaid medical bills in credit evaluations, improving credit scores for millions.

The new rule is aimed at aiding consumers disproportionately affected by medical debt.

The CFPB's new rule could significantly help those burdened by medical debt by keeping it off credit reports.

The future of the CFPB and its recent medical debt rule is uncertain due to political changes.

Elimination of medical debt from credit reports will improve mortgage approvals and reduce financial burdens on consumers.