"The Changes: Starting March 2025, the Biden administration's new rule will remove $49 billion in medical debt from 15 million Americans' credit reports, potentially raising credit scores by 20 points and enabling 22,000 additional mortgage approvals annually. Why It Matters: As the largest source of debt in collections affecting over 100 million Americans, medical debt unfairly impacts credit scores despite being a poor predictor of loan repayment ability, particularly affecting people of color."