Medical bills are a reality of life for many people in Ohio, but if they are paid on time, they may not become a recurring problem. However, a medical bill that goes into collections may wreak havoc on a credit score. A study by the Consumer Financial Protection...
Month: July 2014
How small debts add up to low credit scores
Ohio residents may be interested to learn about how small debts can lead to big drops in their credit scores. Although many people believe that a debt under $100 may not affect a credit score very much, if it gets reported, it could actually end up lowering one's...
Examining the effect of medical debt on a person’s credit rating
Ohio residents may be interested in how medical debt affects a person's credit rating. One study examined the effect that this debt has on people who may otherwise be good credit risks. When a person has an unexpected medical condition, the hospital bills that result...
How to deal with nursing home debt in Ohio
When children can no longer provide adequate care for aging parents, they may decide to put them in a nursing home where they can be cared for by professionals around the clock. However, what happens if a parent passes and the nursing home sends the debt to a...
Kohl’s customer alleges harassment over $20 card bill
If the calls came from a debt collection agency, rather than internal Kohl's customer service representatives, the penalties for violating consumer protection laws could be more severe. In the meantime, choosing not to pay the overdue bill could damage the woman's...