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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Harris Pushes to Remove Medical Debt from Credit Reports, Raising Credit Scores for 15M Americans

The Biden Administration planned to eradicate £5.58 billion in medical debt by 2026. (Credit: AFP News)

US Vice President Kamala Harris announced a final ruling by the Consumer Financial Protection Bureau (CFPB) that the records of £39.08 billion ($49 billion) in unpaid medical bills will be removed from the credit reports of 15 million Americans.

The move will ensure that Americans are no longer penalised for medical debt records on credit reports. "Today, we are building on this meaningful work by announcing an unprecedented final rule that will make it so medical debt is no longer included in your credit score," Harris stated in a White House press release published on 7th January.

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