New Federal Rule Erases Medical Debt From Credit Reports

Source: Abu Hanifah / Getty

The Biden administration has announced a new federal rule preventing credit agencies from including medical debt in individual credit reports. This effort aims to support millions of Americans struggling with medical debt due to illness, injury, or unaffordable healthcare costs.

Also See: 5 Ways To Be Debt-Free In 2025

Vice President Kamala Harris, a longtime advocate for addressing medical debt, delivered the announcement, underscoring her commitment to the cause. The rule represents a significant step in relieving the financial burden for those impacted by medical expenses.

Source: The DMV Daily

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