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Medical debt needs to be absolutely faraway from credit score stories: Biden administration


The Shopper Monetary Safety Bureau is taking steps towards eradicating all medical debt info from Individuals’ credit score stories, a transfer meant to assist the hundreds of thousands of Individuals whose credit score scores drop after payments for bills like sudden hospital visits go unpaid.

Whereas the knowledge surrounding most unpaid medical money owed has already been faraway from credit score stories by the three main reporting companies — Equifax, Experian and TransUnion — the CFPB on Thursday introduced plans for a rule- making course of that might…



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