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Taking medical debt off your credit reports [Video]

Categories
Dementia and Alzheimer's Legal and Financial Planning

CLEVELAND — When medical debt is left unpaid, your credit score could be affected. Now, President Biden is proposing a ban on medical debt affecting people’s credit reports.

There are some important caveats here to Biden’s plan. This rule wouldn’t go into effect until next year, which is predicated on whether President Biden is re-elected in November. If it does go through, the ban would help give relief to millions of people.

“Never thought something like this would happen to us,” said Julie Hleba in a previous News 5 Diagnosis Debt report about her $37,000 medical bill.

Since 2019, our Diagnosis Debt series has found numerous people with questionable medical bills, some in the tens of thousands of dollars.

“No one really had eyes on it…until you were on it,” said Dan Mascarenhas about his $57,000 medical bill.

Now, Biden and the Consumer Financial Protection Bureau or CFPB want to help. The CFPB reportsthat 15 million Americans …

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