NJ residents' credit scores soon won't be dinged for most kinds of medical debt
New Jersey Gov. Phil Murphy will sign a medical debt relief bill that the state Legislature recently passed and that includes some of the protections he has called for over the past two years, his staff confirmed.
“Right now in New Jersey, more than 1 in 10 of our neighbors has medical debt in collections," Murphy said in his State of the State address in January. "That number is even higher in communities of color. And we know that when someone is saddled with medical debt, they are less likely to seek medical care because they worry about being harassed by predatory debt collectors who will garnish their wages or even seize their property.
The bill, which the state Legislature passed in late June, includes a loophole allowing medical debt placed on credit cards to be reported to credit rating agencies. "There are significant benefits in this act, and we are committed to working towards ensuring consumers have all the financial protection from medical debt they need and to ensure the public is made aware of their rights under this law," said Laura Waddell, health care program director at advocacy group New Jersey Citizen Action, in a statement.
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