The CFPB said that medical debt is a poor predictor of an individual’s ability to repay a loan. Experian, Equifax and TransUnion, the three national credit reporting agencies, said last year that they were removing medical collections debt under $500 from U.S. consumer credit reports.
So even the credit reporting agencies are recognizing that medical debt isn't reflective of what the credit scores should be. Sounds like more evidence that there is a big problem with healthcare in this country.
Edit: I meant “credit reporting agencies” not “credit unions”
Glad he mentioned Honey/PayPal isn't the only one operating in this space. Capital One has been trying to push their program on me for quite some time.
Our last update was almost 15 years ago, and the country has spent those years arguing if those were worth keeping. We almost rolled them all back during the last time Trump was in office.
It feels nicer to me, and following nested comments is less tedious without the compact color lives. My friends who don't use Lemmy prefer I send Photon links when I can.
Malevolent Kitchen Intensifies