Debra Booher & Associates Co., LPA
Click here to get your free Legal evaluation
Call Us Today Toll Free 888-542-1300

Consequences of medical debt in Ohio

Medical debt can have long lasting consequences for those who owe. One of the biggest problems that it can lead to is a damaged credit score if an unpaid debt is referred to collections. It can take years to rebuild a person's credit profile, and poor credit can hamper an individual's ability to get a loan.

A large medical debt can make it almost impossible to pay the rent, a car note and other bills. Medical debt tends to become an issue when it accounts for more than 5 percent of an individual's income. To compensate for this lack of disposable income, some people stopped buying heating oil or cut back on their grocery shopping. Others decided to take second jobs or sell items such as their cars to make ends meet.

An inability to pay for necessities combined with an inability to get credit may lead to emotional distress. It may become emotional difficult to recount a time when an individual dealt with a medical debt. In some cases, the stress of a large medical debt has led to couples getting a divorce. Relationships among family and friends may also become strained as the result of emotional stress related to medical debt.

Medical debt can led to emotional stress and possible credit issues for those struggling to pay it off. However, it may be possible to get with the debt by filing for bankruptcy. Filing for bankruptcy may enable an individual to have some or all medical bills discharged. A bankruptcy attorney may be able to help those who choose to declare bankruptcy by showing them which type of bankruptcy may be best for their unique situation.

Source: The Henry J. Kaiser Family Foundation, "Medical Debt among People with Health Insurance", Karen Pollitz, Cynthia Cox, Kevin Lucia and Katie , November 23, 2014

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Cuyahoga Falls Office
1350 Portage Trail
Cuyahoga Falls, OH 44223

Toll Free: 888-542-1300
Phone: 330-253-1555
Fax: 330-253-1599
Cuyahoga Falls Law Office Map

Beachwood Office
3401 Enterprise Pkwy.
Suite 340
Beachwood, Ohio 44122

Toll Free: 888-542-1300
Map & Directions

Independence Office
4700 Rockside Rd
Suite 415
Independence, Ohio 44131

Phone: 216-447-0207
Map & Directions

Westlake Office
1991 Crocker Rd
Suite 600
Westlake, Ohio 44145

Toll Free: 888-542-1300
Map & Directions

Canton Office
4450 Belden Village Street NW
Suite 204
Canton, Ohio 44718

Phone: 330-492-9600
Map & Directions

Ravenna Office
2633 St. Rt. 59
(Orchard Plaza)
1st floor
Ravenna, Ohio 44266

Phone: 330-297-5200
Map & Directions