Unpaid medical debt will no longer appear on credit reports
- Thread starter Elim Garak
- Start date
the cac mamba
Veteran
That settles it. I am paying zero medical bills.
if you have no assets, there's no reason to pay them, right?All that is going to do is now make the hospitals start taking people to court for it. Lawyers about to eat.
Not saying I agree with itJust what is probably going to happen.
if you own a house, i think they can put a lien on your property
O.T.I.S.
Veteran
Most likely,
Only because Democrats did it.
They will strike it down and look like even more pieces of shyt only to bring it up later and act like it’s their idea….
Word to ACA (which they realized was stupid to do before)
People who profit from it.
You may not agree with his agenda, but he hits his stated target.No questions at all, I just got stuck on that part
Biden does things like this for worthless cool points.
Image vs Results
Whose profiting? The people can’t get loans and if they do it’s at high rates (so lenders profit if ppl pay). It’s not like the hospitals get anything.People who profit from it.
It would suck if hospitals do pursue ppl’s assets like @Traveler said. I don’t know if hospitals have the resources to go through that process though.
O.T.I.S.
Veteran
Bruh, Trump hasn’t fell through with anything
Like what? What life changing promise has Trump ever made and completed that made Americans lives better?
Everything is about his image.. from that shyt hair plug, orange tan, weird handshake, i could continue…, We might as well stop debating this here.
Pull Up the Roots
Veteran
Weird to try to downplay this, especially by using something that still left people with billions of dollars in medical debt on their credit reports. The earlier NCRA changes were a step in the right direction, but they were limited and most importantly, voluntary. The new rule is broader, and best of all, it is mandatory. Sure, the credit agencies did remove *some* medical debt, but those changes failed to address larger debts - the kinds that are most likely to ruin credit scores.Its been 9 years of this.
You must know by now that he's a results driven, not image driven, person compared to his counterparts.
This was already done for most Americans years ago and non of you cared.
Can Medical Debt Impact Credit Scores | Equifax®
Learn how the changes to medical debt reporting on credit reports affects your credit scores, and actions you can take to help prevent debt from medical bills.www.equifax.com
The only people whose debt currently negatively affects their score are people who have held more than $500 in medical debt for more than a year.
Only 30% of the insured Americans with grossly outstanding debt will get relief from this.
The CFPB rule fixes that by removing all unpaid medical debt from credit reports. This is huge for people who've been stuck with bad credit because they were saddled with medical debt, especially lower-income families and Black people, who are hit hardest by medical debt.
As far as your last sentence, so what? That's still millions of people!
If it stays Republicans will get credit for it. When the Republicans overturn it because that is what they do. They won't get blamed for it. Cycle repeats over and over and over again.Bruh, Trump hasn’t fell through with anything
Like what? What life changing promise has Trump ever made and completed that made Americans lives better?
We might as well stop debating this here.
Pull Up the Roots
Veteran
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O.T.I.S.
Veteran
Just time wasting. We all know trump will undo this in his first year and Republicans will file an injunction by next week.
It's a great idea, but democrats need to fight in Congress to get stuff like this done. I'm reminded of the 20k student loan promise that a federal agency did on its own only for Republicans to gut it a week later. "Overreach" is going to be the word of the next quarter century until those trump judges retire.
I'm at a point where think these govt agency decisions are no better than flimsy executive orders.
Civil court judgements go on our credit report. Unless this specifically says they can't. So it basically adds a step which ties up the courts. Most folks won't even show up to court thinking they don't have to pay. So it will be a default judgement. Which also means they can go after your bank account and tax return. smh. Damn the more I think about it, sucks no matter what
Another Biden admin gift mofos will not appreciate. Best of luck eating under Trump. CFPB is gonna get neutered shortly.
