Re:US proposes banning medical debt from credit reports
by favorited on Wednesday June 12, 2024 @03:56AM
(#40655646)
If you can identify a solution to the “I had cancer and lost all of my savings” problem (they do exist!), I’m on board. In the meantime, I don’t care if some lenders are prevented from denying car loans to people with insurmountable medical debt.
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Re:US proposes banning medical debt from credit reports
by everforward on Wednesday June 12, 2024 @10:15AM
(#40658427)
I too would prefer an actual solution instead of a veneer.
It’s worth remembering that this won’t impact loaners, though; they don’t care as long as everyone has to do it so they aren’t getting undercut on rates.
They’ll just raise interest rates to cover the extra delinquencies, making cars/houses/etc less affordable to the poor. Hopefully by a small amount if the CFPB is right.