A new study shared with KSL Investigators by LendingTree finds that more than half of people with medical debt have skipped or delayed medical care because of the costs. Medical debt is a growing problem in the US, with many Americans struggling to pay for healthcare. The study found that 17% of those with medical debt say they will be saddled with it for at least five years, and half of those with medical debt have had an account sent to collections.
<p>SALT LAKE CITY — Over the years, KSL Investigator Matt Gephardt has spoken to many  Utah ns facing medical bills large enough to force tough choices.
</p><p>In fact, 17% of the folks surveyed by LendingTree who have medical debt say they'll be saddled with it for at least five years.
MEDICAL DEBT HEALTHCARE COSTS CONSUMER PROTECTION UTAH
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CFPB Removes Medical Debt From Credit Reports, Boosting Scores by 20 PointsThe Consumer Financial Protection Bureau (CFPB) has finalized a rule eliminating an estimated $49 billion in medical debt from credit reports, potentially raising credit scores by an average of 20 points for Americans with medical debt. The rule prohibits consumer reporting agencies from including medical debt information in credit reports and restricts creditors from using certain medical data for lending decisions. This move is expected to benefit over 100 million Americans struggling with medical debt, the largest category of debt in collections.
Read more »
CFPB Removes $49 Billion in Medical Debt from Credit ReportsThe Consumer Financial Protection Bureau (CFPB) is taking action to protect consumers from the financial burden of medical debt by removing $49 billion in medical debt from the credit reports of approximately 15 million Americans. This move aims to prevent unpaid medical bills from negatively impacting individuals' credit scores and their ability to obtain loans, mortgages, or other lines of credit. The CFPB cites concerns about inaccurate billing practices, collection agency coercion, and the fact that medical debt doesn't reliably predict loan repayment.
Read more »
Utah Couple Pays Off Credit Card Debt After Medical EmergencyA Utah couple shares their story of overcoming a mountain of credit card debt after a medical emergency forced them to rely on credit. Their experience reflects a national trend of rising credit card debt and delinquency.
Read more »
Medical Debt Removed from Credit ReportsThe Biden administration announced a new rule that will remove unpaid medical bills from credit reports, impacting over 15 million Americans. This change aims to improve economic opportunities for individuals who have faced medical debt and could lead to an increase in credit scores and mortgage approvals.
Read more »
CFPB Finalizes Rule to Remove Medical Debt from Credit ReportsThe Consumer Financial Protection Bureau (CFPB) finalized a rule to remove medical debt from consumer credit reports, potentially impacting millions of Americans and their credit scores.
Read more »
Medical Debt No Longer Impacts Credit ScoresVice President Kamala Harris announced that medical debt will no longer be reported on credit scores, impacting millions of Americans and potentially improving their access to loans and financial opportunities.
Read more »