Medical debt could be emotionally more traumatic and distressing than any other kinds of debt because it does not ever accrue by choice. Medical debt is mostly a result of a sudden accident or an unforeseen illness. It could really add up fast and unexpectedly. You need to understand your medical debt, medical expenses and figure out ways of dealing with medical bills you simply cannot afford. Medical debts could be really painful especially if…"Medical Debt and its Effect on Your Credit Score"
More than any other type of debt, medical debt can be financially as well as emotionally challenging, and it is relatively easy to let it get completely out of hand. Unlike other types of debt that you may accumulate, medical debt is almost never an issue of choice – it usually comes without notice, and it can be terrible to try and repay the often very large amounts while you are still struggling with the…"How to Manage Your Medical Debt Before It Becomes a Trap"
The trauma of injury or illness can be bad enough but the usually astronomical medical bills that follow can really jeopardize your financial well-being. If you are not in a position to settle them then the damage to your credit score can really be serious. Typically, the concerned hospitals and doctors to whom you owe money do not report the medical debt to the credit agencies directly. Usually, they hand over the default cases to…"How Not To Let Your Medical Debt Affect Your Credit Score"
Medical bills were the leading cause of more than half of bankruptcy cases in 2007. More terrifyingly, more than 80% of people who filed for bankruptcy during that time had health insurance, and their debt was considerably low compared to those who did not have health insurance. Health debt is a grave problem in the United States. Medical bills can cripple your finances; but hopefully, with the information here, you can deal with health debt…"4 Strategies of Dealing with Medical Debt"