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Biden Proposes Dropping Medical Debt From Credit Reports – The New York Times

Biden Proposes Dropping Medical Debt From Credit Reports – The New York Times

The move would offer relief to millions of Americans who need a better credit score to get an apartment or a car, but it would not wipe out their financial obligations.

The Biden administration on Tuesday proposed removing medical debt from the credit reports of more than 15 million Americans, making it easier for them to qualify for car, home and small-business loans.

The proposed rule, which will go through a public comment period, would not take effect immediately. It would forbid health…

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