CCLP at Federal CFPB Hearing: Medical debt is a solvable crisis
Impacts of Medical Debt
The previous posts in this series discussed how credit reporting works and why CCLP believes medical debt should not be included on credit reports. However, medical debt impacts several other areas in a person’s life, including household finances, physical and mental...
Part 2: What is Credit Reporting, and How Does It Harm People with Medical Debt?
Accessing and maintaining good credit is essential to achieving economic mobility. However, a derogatory mark on a credit report can likewise significantly harm one’s life. When an individual struggles to pay off medical debt, the resultant poor credit report can...