CFPB Weighs Ban On Medical Debts In Credit Reports
Collection Industry News
MARCH 7, 2022
Having a medical debt collection mark on a credit record can make it harder to get credit, rent or buy a home or find a job,” Mr. Chopra said. Families are pushed into bankruptcy by medical debts that they cannot pay.”. Medical debt, unlike a mortgage or car loan, is often incurred involuntarily.
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