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The Monarch Blog
Interesting Tidbits
06/25/2014

The Consumer Protection Board (CFPB) has recently released a study that suggests that credit worthiness of consumers may be underestimated due to medical debt. The study also found that consumers who have paid their medical debt may not be getting credit for it.

"Getting sick or injured can put all sorts of burdens on a family, including unexpected medical costs. Those costs should not be compounded by overly penalizing a consumer's credit score," said CFPB Director Richard Cordray. "Given the role that credit scores play in consumers' lives, it's important that they predict the creditworthiness of a consumer as precisely as possible."

Source: CFPB.org



There is some good news on the foreclo [ ... ]

 

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