"Biden Administration Aims to Erase Medical Debt from Credit Scores, Impacting Millions"

The Biden administration is taking steps to remove medical bills from people's credit scores, making it easier for millions to obtain loans. Roughly one in five people report having medical debt, and including it in credit scores is problematic due to common mistakes and inaccuracies in medical billing. The Consumer Financial Protection Bureau is beginning the rulemaking process to make this change, which would also prevent creditors from using medical bills when deciding on loans and stop debt collectors from using credit ratings to pressure people with healthcare-related debt.