$49B in medical debt wiped from credit reports

Name: $49B in medical debt wiped from credit reports
Uploaded: 2025-01-08T04:21:12Z
Duration: 2 min 50 s
Description: Millions of Americans could see a credit score boost thanks to a new rule banning medical debt from appearing on credit reports. According to the Consumer Financial Protection Bureau, the change will remove $49B in medical debt, potentially raising credit scores by 20 points on average. FOX 5's Jessica Formoso has the story.

Millions of Americans could see a credit score boost thanks to a new rule banning medical debt from appearing on credit reports. According to the Consumer Financial Protection Bureau, the change will remove $49B in medical debt, potentially raising credit scores by 20 points on average. FOX 5's Jessica Formoso has the story.

Posted January 7, 2025 11:21pm EST