Medical Debt

In the United States, medical care is notoriously extremely expensive. Americans pay thousands for procedures that are free in other countries.  What this means is that even a minor issue may cost far more than most people just have on hand. When people think of...

The amount of medical debt that one can create in almost no time is often astounding. A procedure that only takes an afternoon could land you in debt that you can never fully pay off.  This is why medical debt is one of the leading causes of bankruptcy. People who...

A serious illness or an injury can disrupt your life in many ways. You need to recover, and you may be overwhelmed for a moment as you struggle to get back on your feet. There is a strong chance your finances will be impacted too. If an unpaid medical bill finds its...

The short answer to this question is, “Yes, yes it is.” According to reports from the U.S. Census Bureau data, 19% of American households -- nearly one out of every five -- is struggling under the weight of unpaid medical debts. This is problematic for a number of...

Medical debt is a significant problem in America that leads many people to turn to bankruptcy. As of an April 7 report by the United States Census Bureau, 19% of households in America admitted that they could not afford to pay for medical care that they had previously...

You may have read in the past that medical debt does not appear on your credit report. That isn’t entirely true. The reality is that the types of medical debt that may appear on your report could vary, and it is possible that at least some charges could go to...

If you can avoid the hospital, it’s good for more than just your health. It may actually have a dramatic impact on your bank account and your financial future. After all, medical bills are one of the leading reasons for bankruptcy in the United States.  The reasons...

People across the country are struggling with various financial issues as many are out of work or earning reduced income right now. As a result, it is becoming difficult for patients to pay their medical bills. This type of debt can be overwhelming, quickly wiping out...

A recent study published by Bankrate found that only 40 percent of Americans have enough money saved to cover a $1000 emergency expense. It is a sobering fact that many Americans live paycheck to paycheck and their finances will would likely not survive any sort of...