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

Medical debt may be point of stress for Ohio residents

Facing the struggles that can come along with significant debt can be difficult for anyone to handle, especially alone. This type of financial issue may be even more disheartening to think about if the individual is facing medical debt. Procedures and treatments are often expensive, and it is not unusual for individuals across the country, including in Ohio, to have outstanding balances for some time after they have recovered. 

It was recently reported that a considerable number of individuals with medical debt face collections. Of the 43 million citizens who have debt in collections, 15 million of those individuals have only medical debt. That makes up over one third of the total number of individuals facing collections due to outstanding balances. Unfortunately, this means that a great number of individuals can have negatively affected credit scores and other financial problems.

For many, even the simple tips to stay on top of remaining balances may not be entirely helpful. Some bills may be too large to simply cover my making monthly payments, even if those payments are made on time. Though negotiating with medical providers to potentially lower balances or create a payment plan may be an option, the debt may still be too overwhelming. 

If Ohio residents are facing similar circumstances, they may wish to explore debt relief options for addressing their medical debt. Bankruptcy could be a choice to consider if parties feel that their outstanding balances are too significant to be handled on their own. Exploring the different types of bankruptcy may help interested individuals determine whether it could be a viable option for them as they work toward a more stable financial future.

Source: kob.com, "Experts Warn Medical Debt Could Greatly Damage Credit", March 30, 2016

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