@silence7@slrpnk.net to politics @lemmy.worldEnglish • 1 year agoIn sweeping change, Biden administration to ban medical debt from credit reports | The rule, first reported by ABC News, could go into effect sometime next year.abcnews.go.comexternal-linkmessage-square26arrow-up1388file-textcross-posted to: usnews@beehaw.org
arrow-up1388external-linkIn sweeping change, Biden administration to ban medical debt from credit reports | The rule, first reported by ABC News, could go into effect sometime next year.abcnews.go.com@silence7@slrpnk.net to politics @lemmy.worldEnglish • 1 year agomessage-square26file-textcross-posted to: usnews@beehaw.org
For context, the poor credit ratings which go with medical debt are concentrated in the south, where states have limited the reach of medical safety-net programs.:
minus-square@Sam_Bass@lemmy.worldlinkfedilink3•1 year agoWhat effect does it have on debts already reported?
minus-square@silence7@slrpnk.netOPlinkfedilink5•1 year agoMy guess — and I’m not 100% sure — is that it requires them to no longer count towards the credit score once the new rule goes into effect. Which it may not if Trump takes power.
What effect does it have on debts already reported?
My guess — and I’m not 100% sure — is that it requires them to no longer count towards the credit score once the new rule goes into effect. Which it may not if Trump takes power.