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Manage your medical debt in the New Year

Last week, this Tennessee debt relief and bankruptcy legal blog discussed a very personal financial topic that can cause significant stress in the life of a Chattanooga resident: medical debt.

Medical debt is the financial liability that a person takes on after receiving medical diagnoses and treatments for which he or she is unable to to fully pay. Medical debt can come from an emergency procedure that an individual did not anticipate having to undergo, and it can also form over time as a person seeks treatment for a chronic medical condition.

Carrying medical debt can be damaging to a person's financial health as well as their peace of mind. Medical debt can accrue interest and those who must cope with it may end up receiving communications from debt collectors who only want to compel payments. While laws protect consumers from harassment and mistreatment by debt collectors the weight of an overwhelmingly large outstanding medical bill can be significant.

As the year ends and 2018 becomes apparent on the horizon, Mark T. Young & Associates encourages the readers of its blog to take control of their outstanding medical debts. Through debt relief planning and client-specific legal counseling, some who carry medical debt may be able to reduce or eliminate their obligations as the New Year begins.

Now is the time to be proactive about medical debt so that it does not continue to plague a person long into the future. Confronting financial issues such as medical debt can be intimidating but Mark T. Young and the staff of his firm are prepared to support their medical debt clients as they work to free themselves from the stresses of financial hardship.

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Mark T. Young & Associates
2895 Northpoint Blvd.
Hixson, TN 37343

Toll Free: 888-376-0282
Phone: 423-933-1606
Fax: 423-877-0363
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