Kamala Harris announces the Biden-Harris plan to eliminate medical debt

as a consideration in credit scores

This is informally already a thing. Most lenders largely ignore medical debt so they can lend more and take in those sweet interest payments.

Oh wow now you can get a loan you can't afford while you're buried under a mountain of medical debt you also can't afford. Thanks Dems very helpful

Lmao fuck Democrats are useless.

Cancel student debt, enact universal healthcare for all, regulate housing to prevent high rent. Even that is the bare minimum.

I'm sure the Apple News type apps will conveniently cut off these headlines at "eliminate medical debt" and leave out "as a consideration in credit scores"

Insurance companies are like:

So the dems decide to pre-emptively compromise:

It won't affect your score, but it also won't be discharged in bankruptcy. It's only fair!

when we went to get a mortgage (we lucked out it was right before the real estate price explosion) the mortgage company basically said medical debt didn't count

they just pretended like it didn't exist because they considered it fake

so what is this just formalizing this or something? i mean the whole thing is a joke

also with the way various insurance industries are collapsing left and right i think the funniest outcome would be for the entire health insurance industry to collapse, be nationalized, and de facto made into a nationalized system because theres simply no profitability anymore. similar to where home insurance is going

'Progressives' be like

hahahaha she's taking credit for that huh

As other people pointed out, it is informally disregarded, and actually became a minor talking point earlier this year

But even with the changes, some 15 million people — many of them living in low-income communities and in the South — still have medical bills in their credit files, the Consumer Financial Protection Bureau reported. Rohit Chopra, the bureau’s director, said in a statement that “further reforms” were needed to scour medical debt from credit histories. The bureau is considering a rule to ban medical debt from consumer credit files.

The proposed rule in question is quite literally for that

The Consumer Financial Protection Bureau (CFPB) today announced it is beginning a rulemaking process to remove medical bills from Americans’ credit reports. The CFPB outlined proposals under consideration that would help families financially recover from medical crises, stop debt collectors from coercing people into paying bills they may not even owe, and ensure that creditors are not relying on data that is often plagued with inaccuracies and mistakes.

The CFPB bill sounds better than this garbage they're trying to attribute to Harris lmao, so either they didn't get all the details before trying to place it at her feet or she is trying to do something and it's even less substantial than this.

Lmao this system as it currently functions is like "ha ha your pancreas exploded when you are poor banks will never allow you access to a mortgage" and people aren't fully ready and willing to burn the entire thing down to the foundation. Americans are so cucked.

If your medical debt occupies the same set as the manifold of real numbers as your credit score, and is continuous along all boundaries, you will receive a voucher that grants one small business to the holder during period of which your student loan is non-delinquent.

Working-class people should avoid loans like a plague.

The only (individual) people whom loans benefit are capitalists, landlords, and the like, as they can spend money to increase their incomes, meaning that they can take a loan and end up with more money than they need to pay specifically as a result of taking said loan.

Credit payments are just more debt

Breaking : In a massive announcement I plan to take a shit. Retweet so all burgerland will see this.