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Medical debt challenges in America continue in 2021

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…

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Can medical debt appear on your credit report?

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…

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Why is going to the hospital so expensive?

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…

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3 questions about medical debt in bankruptcy

For many Americans, every trip to the doctor is a nerve-wracking experience. Will the doctor diagnose them with something serious? Can they afford treatment? If they go into debt to pay their bills, how long will they struggle to fulfill their payments? If you struggle with…

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Medical bills continue to plague many Americans

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…

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More than half of all bankruptcies are tied to medical debt

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…

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Who is most likely to struggle with medical debt?

It’s no secret that healthcare costs are extremely high in the United States – and paying medical bills can be difficult. In fact, one in four Americans has struggled to pay a recent medical bill. While anyone could struggle with medical bills and debt, certain groups…

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A possible solution for medical debt

Medical expenses can be crippling. But, there are several ways to deal with medical debt. Ignoring bills can only make the problem worse. Health care providers will collect on bills for a few months before the account is turned over to a collection agency. When that…

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Motherhood and medical debt: A statewide problem

Having a baby is an incredibly stressful time for an expectant Tennessee mother. While her concerns may surround her own health and that of her baby, she may also worry about retaining her career as a mom, earning an income that will support her and her…

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Medical debt is a problem for many Tennessee residents

There are many events in life that individuals can successfully plan for. With consideration and time, some people can put enough money away to eventually leave their jobs and retire. Others may be able to save some cash so that they can help their kids or…

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