Learn how to remove collections from your credit report, improve your credit score and understand the impact of collections on your financial health.

The agency says this new rule will remove an estimated $49 billion in unpaid medical bills from the credit reports of about 15 million Americans.

The three national credit reporting agencies — Experian, Equifax and TransUnion — announced last year that they would remove medical collections under $500 from U.S. consumer credit reports.

The new CFPB rule bars credit agencies from including medical debt on credit reports and prohibits lenders from using medical information against borrowers seeking loans.

Learn effective strategies to remove collections from your credit report, improve your credit score, and regain financial control.