Americans’ unpaid medical bills will remain on their credit reports after a federal judge last week vacated a Biden-era Consumer Financial Protection Bureau (CFPB) rule that would have removed such debt.
Of course it’s real debt, but taking it on is involuntary. It does not have the same behavioral predictive power as debt that exists because of bad financial decisions.
It might affect your ability to pay, but less so if it is not on the credit report to begin with.
Of course it’s real debt, but taking it on is involuntary. It does not have the same behavioral predictive power as debt that exists because of bad financial decisions.
It might affect your ability to pay, but less so if it is not on the credit report to begin with.