The Biden administration announced a major initiative to protect Americans from medical debt on Thursday, outlining plans to develop federal rules barring unpaid medical bills from affecting patients’ credit scores.
The Biden administration announced a major initiative to protect Americans from medical debt on Thursday, outlining plans to develop federal rules barring unpaid medical bills from affecting patients’ credit scores.
For what it’s worth, a 5 point swing in your credit score is basically meaningless - just noise in the data more than anything. It’s not going to be the deciding factor for someone to decide whether or not to loan you money. It might sometimes make a slight difference in the rate you get.