Prohibit unpaid medical bills from being factored into Credit Scores

Investment Analysis Clubs Macro Economic Trends and Risks
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** As of June 2021, US consumers held roughly $88 billion in medical debt, according to the government agency. An estimated 41% of Americans are grappling with medical debt of some kind, ranging from unexpected medical events to surprise medical bills, out-of-pocket costs, and more.**

Medical debt: New federal rules could provide credit relief for millions of Americans.

Andy

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Sounds nice. At the same time, if one has a lot of unpaid bills – medical in this case – then one would have more difficulty in paying for additional debt. One’s credit score should reflect this potential difficulty.

DB2

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