America Saves’ Post

At ClearBalance, we proudly support the Consumer Financial Protection Bureau's (CFPB) June 11 proposed rule to ban medical bills from credit reports. This initiative aligns with our ongoing commitment to prioritizing patient financial health without impacting their credit standing. For over 30 years, ClearBalance patient financing has never reported to or sought out credit ratings for patients interested in our program. We acknowledge the undue stress and financial damage that medical debts can cause and strongly advocate for measures that protect patients from this harm. Ensuring medical bills are not included in credit reports will greatly alleviate the burden on countless Americans, allowing them to focus on their health and well-being without the looming threat of financial repercussions. This also supports a fairer and more accurate credit reporting system, contributing to improved loan approvals for those who deserve them. We firmly believe that financial health should not compromise a patient’s creditworthiness, and we stand with the CFPB in fostering a more equitable financial ecosystem for all. We commend the CFPB’s dedication to addressing the challenges posed by medical debt and eagerly anticipate the positive changes this proposed rule will bring. You can read more about CFPB’s announcement here: https://lnkd.in/eJmSiZjH. #CFPB #MedicalDebt #PatientFinancialHealth #ClearBalance #FinancialEquity #HealthcareFinance

Yesterday, Consumer Financial Protection Bureau finalized a rule that will lift billions of dollars in medical bills from credit reports for millions of Americans, ban the inclusion of medical bills on credit reports used by lenders, and prohibit lenders from using medical information in their lending decisions (source: CFPB Newsroom). AIDPH commends the CFPB for taking this important step in addressing the devastating impacts of America's medical debt. Link: https://loom.ly/hyeqFAM #medicaldebt #dentaldebt

A new CFPB rule aims to alleviate the impact of medical debt on credit scores, providing relief for many consumers. 🏥 Debt Relief: The rule seeks to reduce the negative impact of medical debt on credit scores, enhancing financial stability. Consumer Protection: This change emphasizes the importance of protecting consumers from undue financial hardship. Credit Score Implications: Improved credit scores can lead to better financial opportunities and access to credit. Stay informed on how this new rule may affect your financial health and credit score. #MedicalDebt #CreditScore #CFPB #FinancialHealth #DebtRelief https://lnkd.in/gdMpZwZD

A new CFPB rule aims to alleviate the impact of medical debt on credit scores, providing relief for many consumers. 🏥 Debt Relief: The rule seeks to reduce the negative impact of medical debt on credit scores, enhancing financial stability. Consumer Protection: This change emphasizes the importance of protecting consumers from undue financial hardship. Credit Score Implications: Improved credit scores can lead to better financial opportunities and access to credit. Stay informed on how this new rule may affect your financial health and credit score. #MedicalDebt #CreditScore #CFPB #FinancialHealth #DebtRelief https://lnkd.in/gdMpZwZD

A new CFPB rule aims to alleviate the impact of medical debt on credit scores, providing relief for many consumers. 🏥 Debt Relief: The rule seeks to reduce the negative impact of medical debt on credit scores, enhancing financial stability. Consumer Protection: This change emphasizes the importance of protecting consumers from undue financial hardship. Credit Score Implications: Improved credit scores can lead to better financial opportunities and access to credit. Stay informed on how this new rule may affect your financial health and credit score. #MedicalDebt #CreditScore #CFPB #FinancialHealth #DebtRelief https://lnkd.in/g5tP6vjw

A new CFPB rule aims to alleviate the impact of medical debt on credit scores, providing relief for many consumers. 🏥 Debt Relief: The rule seeks to reduce the negative impact of medical debt on credit scores, enhancing financial stability. Consumer Protection: This change emphasizes the importance of protecting consumers from undue financial hardship. Credit Score Implications: Improved credit scores can lead to better financial opportunities and access to credit. Stay informed on how this new rule may affect your financial health and credit score. #MedicalDebt #CreditScore #CFPB #FinancialHealth #DebtRelief https://lnkd.in/gdZfjK4M

A new CFPB rule aims to alleviate the impact of medical debt on credit scores, providing relief for many consumers. 🏥 Debt Relief: The rule seeks to reduce the negative impact of medical debt on credit scores, enhancing financial stability. Consumer Protection: This change emphasizes the importance of protecting consumers from undue financial hardship. Credit Score Implications: Improved credit scores can lead to better financial opportunities and access to credit. Stay informed on how this new rule may affect your financial health and credit score. #MedicalDebt #CreditScore #CFPB #FinancialHealth #DebtRelief https://lnkd.in/gJke_Sqv

In a significant development that may affect the credit scores of millions of Americans, the Financial Protection Bureau has finalized a rule to eliminate medical debt from consumer credit reports. The rule is expected to remove approximately $49 billion in unpaid medical bills from the credit reports of about 15 million Americans, according to the CFPB. #CFPB

A new CFPB rule aims to alleviate the impact of medical debt on credit scores, providing relief for many consumers. 🏥 Debt Relief: The rule seeks to reduce the negative impact of medical debt on credit scores, enhancing financial stability. Consumer Protection: This change emphasizes the importance of protecting consumers from undue financial hardship. Credit Score Implications: Improved credit scores can lead to better financial opportunities and access to credit. Stay informed on how this new rule may affect your financial health and credit score. #MedicalDebt #CreditScore #CFPB #FinancialHealth #DebtRelief https://lnkd.in/gub3Sf-j

A new CFPB rule aims to alleviate the impact of medical debt on credit scores, providing relief for many consumers. 🏥 Debt Relief: The rule seeks to reduce the negative impact of medical debt on credit scores, enhancing financial stability. Consumer Protection: This change emphasizes the importance of protecting consumers from undue financial hardship. Credit Score Implications: Improved credit scores can lead to better financial opportunities and access to credit. Stay informed on how this new rule may affect your financial health and credit score. #MedicalDebt #CreditScore #CFPB #FinancialHealth #DebtRelief https://lnkd.in/gGbRRa_t