The Biden administration unveiled a proposal to eliminate medical debt records from the credit reports of U.S. citizens as part of an effort to address coercive debt collection methods.
The Biden administration unveiled a proposal to eliminate medical debt records from the credit reports of U.S. citizens as part of an effort to address coercive debt collection methods.
The Biden administration on Thursday announced plans to remove medical bills from Americans’ credit reports in a push to end what it called coercive debt collection tactics that affect millions of consumers.
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Vice President Kamala Harris told reporters that more than 100 million Americans had unpaid medical debt.
“Many of the debts people have accrued are due to medical emergencies,” she said. “We know credit scores determine whether a person can have economic health and wellbeing, much less the ability to grow their wealth.”
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