Tag: <span>Medical debt</span>

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Biden administration seeks to wipe consumer medical debt off most credit reports with proposed rule
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Biden administration seeks to wipe consumer medical debt off most credit reports with proposed rule

JUNE 12, 2024 by Tom Murphy Medical charges are seen in Temple Hills, Md., Monday, June 26, 2023. The Consumer Financial Protection Bureau said Tuesday, June 11, 2024, it is planning a rule that would remove medical bills from credit reports and prevent lenders from making decisions based on medical information. Credit: AP Photo/Jacquelyn Martin,...

Medical debt overtakes nonmedical as largest source in collections. COVID-19 may be making it worse
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Medical debt overtakes nonmedical as largest source in collections. COVID-19 may be making it worse

Rebecca Pifer, Reporter Dive Brief: Americans’ medical debt may have reached $140 billion last year, significantly higher than past estimates and outweighing all other types of personal debt in the U.S., according to a new study published in JAMA. Researchers analyzed a tenth of all credit reports from rating agency TransUnion to find nearly one in five Americans...