Thanks for waiting until the last two weeks of your presidency Joe.
Nothing done after day one counts.
This might be more harmful than doing nothing at all.
If folks get the message medical debt won’t wreck their chances of getting a loan then they may let payments slide into collections. Then when the rug gets pulled out from under them by orange man sometime later that temporary respite may trap people who may have otherwise held on. How much pain is Biden really preventing with this move 2 weeks before vacating?
Though if you’re in that position and smart about it maybe you could come out ahead as long as you can get the loan you need before orange man kills this.
This feels more like Biden is throwing all his carrots on a stick at us right before he leaves because he knows he can’t use them anymore. Like a shitty friend paying you back borrowed money after a mugger told you both to empty your pockets.
That’ll get reversed with a happy meal from some rep to the orange one.
“Please build up more debt, citizens, the economy is ravenous!”
What are you on about? This rule helps people who get stuck with medical debts, generally not something you do voluntarily, to not have their credit scores harmed by it.
