Trying to pay for expensive medical treatment can be a difficult situation for Ohio residents. Some procedures may be necessary in order for ailments or injuries to be remedied, but the bills associated with the procedures could leave individuals facing considerable...
Individuals in Ohio who have faced medical issues may also be struggling to pay their bills. Medical bills are among the most common ones received by collection agencies, and medical debt is a leading cause of bankruptcy. Some consumer advocates argue that medical...
According to the Consumer Financial Protection Bureau, more than half of all consumer debt is attributable to medical bills. Even when Ohio patients are indigent and qualify for a hospital aid program, they may still be held liable to pay for such things as...
Medical debt is a significant problem for many people in Ohio and around the country. The issue is not one relegated only to the uninsured, either. Of those struggling with high medical debt, 70 percent were insured at time the debt was incurred, according to some...
Many people in Ohio are forced to seek medical care when they are unable to afford it. Sometimes, people are uninsured while at other times, the insurance they have does not cover all of the care that is received. Some people are forced to utilize the services of a...
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...
Medical bills account for a huge percentage of debt for many Ohio families, and in some cases these overwhelming bills can pile up and lead to potential bankruptcy filings. This does not have to be the case, however. Most doctors and hospitals have instituted protocol...
The credit reporting agency FICO has stated that it will be changing the way that it handles its scoring of medical debt by reducing the impact that such obligations have on people's credit scores. According to FICO's director of public relations, just because someone...
FICO scores help lenders assess the risk of lending to individual borrowers. However, according to a 2014 report from the U.S. Consumer Financial Protection Bureau, people who have mostly medical debt are penalized too severely compared to those with unpaid credit...
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...
