The Consumer Financial Protection Bureau has floated the possibility of excluding medical bills from patients' credit reports, meaning that medical debt would no longer affect credit scores.
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Consumer Financial Protection Bureau Proposes to Ban Medical Bills from Credit Reports! The rule would remove as much as $49 billion of medical debts that unjustly lowers credit scores for 15 million Americans. Read more: bit.ly/4eTxwTt #FinancialEmpowerment #FinancialAccess #FinancialWellbeing
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Check out this list of the most common medical debt complaints from this year: https://bit.ly/47yfXUP #sdoh #medicaldebt #pricetransparency
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Understanding medical bills can prove to be challenging. This can lead to unpaid bills, which then are reported to the credit bureaus. Learn more about how medical debt is reported as well as steps you can take to avoid it negatively impacting your credit report at https://bit.ly/3N3T6YZ
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🏥🩺 Medical bills piling up? Discover how to manage and pay off your medical debt without stress. COMMENT FOR LINK #MedicalBillPayment #DebtRelief #FinancialTip #DebtRelief #DebtManagement #DebtSolutions #DebtRecovery #FinancialFreedom #OakViewLawGroup #OVLG #BillPayments #FinancialWellness
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As someone who represents individuals and companies under financial distress, I have mixed feelings about Biden’s most recent proposal to omit medical expenses from credit reports. On one hand, I understand the argument that medical expenses should not ruin someone’s credit and financial stability. However, removing medical expenses from a credit report is not an accurate reflection of people’s credit. This proposal does not prohibit medical providers from bringing civil actions to collect unpaid medical expenses. Does the judgment get reported? A judgment permits garnishments and liens. In my experience, hospitals will file civil suits to collect faster than credit card companies. This proposal leaves many unanswered questions.
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Medical Insurance Underpayments | Tax Reduction | Finding Free Money from the IRS | #medicalbilling | #healthcare | #revenuecyclemanagement | gmg.me/355674
Ever thought about the tax-saving possibilities with cost segregation and medical underpayments recovery? Share your insights now! #Poll #TaxSavings #StrydePoll Learn more: https://lnkd.in/gDJFW-rg
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Discover the impact of banning medical debt from credit reports on financial accountability. Join the conversation and share your thoughts below! 💬 #Healthcare #Policy #FinancialAccountability https://wix.to/bM8ke5G #newblogpost
The Unintended Consequences of Banning Medical Debt from Credit Reports
thefaircapital.com
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In this issue of #CapitoltoCapitol: Consumer finance watchdog proposes ban on medical bills in credit reports, NCSL state-federal briefing, and more. Read more: https://bit.ly/3KL62RM
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Do you have medical bills affecting your credit score. Here is some good news on how you can resolve medical debt. #medicaldebt #collection #debt #creditrepair
