Medical debt is a common cause of bankruptcy in America with medical debt impacting millions of Americans and being one of the leading causes of bankruptcy. Bankruptcy, of course, is the legal procedure by which people can restructure their debt and, ultimately, get...
Medical Debt
Much-needed relief from the most burdensome of debts
Medical costs remain at the top when it comes to debts that burden consumers. In 2016, 43 million American adults - 20 percent of the population - dealt with out-of-control healthcare-related debts negatively affecting their credit. Relief is on the way, ironically...
Bad healthcare provider lists increase bankruptcy risks
As the health insurance marketplace is open once again, you might find yourself re-evaluating your plan for 2017. You're likely checking the provider's list twice to ensure that the care you receive is both trusted and close to home. Before you find yourself in need...
Three reasons why medical expenses remain no. 1 basis for bankruptcy
Take a quick look around the internet and it's obvious that the top reason for bankruptcy continues to be medical expenses. Insurmountable medical bills lead to nearly 2 million people filing for bankruptcy in the U.S. each year, accounting for about 62 percent of...
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...
Medical debt can plague Ohio cancer patients, survivors
Learning that an individual has cancer can be a dreaded situation for any Ohio resident. Even if a patient survives such an illness, the effects of the disease can plague that person for years, in physical and financial aspects. Medical debt can lead many individuals...
Medical debt could plague Ohio residents, bankruptcy may help
Medical emergencies can arise at any point, and individuals may be faced with considerable expenses in order to be treated for illnesses or injuries. When these expenses come about, parties may not always be able to immediately pay those expenses, even with the help...
Ohio residents may fear medical debt
Facing a medical emergency is often a dread of many Ohio residents. They may fear for their health, and they may also worry about how they would pay for the bills associated with the emergency. Medical debt can come about quickly, and though some individuals may be...
Medical debt may unexpectedly affect Ohio residents
To some individuals, medical expenses may be considered a necessary evil that must be paid. However, there are some Ohio residents who may be more greatly affected by these expenses and have difficulty paying off their bills. Medical debt can create a tough financial...
Credit card, medical debt may plague Ohio residents
Many Ohio residents may feel that they have a handle on their finances. Unfortunately, unexpected expenses can sometimes arise that may put that stability at risk. Medical debt is often an issue that can lead to many individuals facing thousands of dollars in debt...