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New rule could ban medical debt on your credit report
New ruling in credit reporting may boost your scores. Here’s why
On Jan. 7, the Consumer Financial Protection Bureau finalized a rule that “will ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions,” according to the CFPB website.
New Biden rule would remove nearly $49B in medical debt from millions of credit reports
The CFPB said the new rule will remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans.
New Federal Rule Will Wipe Medical Debt From Your Credit Score
The Biden Administration finalized a rule that bans credit reporting agencies from including medical debt when calculating credit scores, improving millions of Americans' access to mortgages and loans.
5d
on MSN
The easiest way to improve your credit score
A higher credit score can unlock a multitude of financial opportunities. Christian Widhalm, CEO of Bloom Credit, joined ...
Big Town Bulletin on MSN
15h
Understanding Credit Scores: What They Really Mean and How to Improve Yours
When it comes to managing your financial health, one of the most crucial elements to keep in mind is your credit score. This ...
CNET
13h
My Credit Score Went Up 130 Points in 5 Years. Here's How I Did It
Your credit score is a snapshot of how you manage your credit accounts, such as whether you pay your bills on time. This three-digit score may not seem like a big deal on a regular basis, but it can ...
4d
on MSN
Are North Dakotans aiming to improve their credit scores in 2025?
Credit scores can be confusing at times, but knowing yours is important when it comes to making major purchases. As such, ...
5d
Can I Cosign on a Student Loan with a 600 Credit Score?
You probably won't be much help as a private student loan cosigner if you have a 600 credit score. A 670 FICO score could ...
8d
Experts name 8 ways to improve your credit score in 2025
Lenders prefer to see a history of managing accounts well. Getting a bank account, a credit card or getting your name on ...
2d
on MSN
7 ways to get a lower mortgage rate in 2025
Lowering your interest rate can save you money over the life of the loan. Here are seven ways to make it happen.
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