> Medical debt to be wiped from credit reports | What's the Deal?
Medical debt to be wiped from credit reports | What's the Deal?
Clip ID 2582045
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
Medical emergencies are often unplanned and can cost a fortune. That is why effective March 17, 2025, around 15 million people should see medical debt disappear from their credit report.
Kiren Gopal, with the Consumer Financial Protection Bureau, said the rule will remove an estimated $49 billion in medical bills.
"Medical debt is different from other kinds of debt because people don't choose to get sick. They don't, you know, choose to fall ill," said Gopal, citing one of the reasons medical debt needs to be treated differently than other debts.
MORE: https://www.wthr.com/article/money/whats-the-deal/medical-debt-to-be-wiped-from-credit-reports-march-17-whats-the-deal/531-60c6f598-8a2e-4cd6-9104-58f74634c0a6
