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...
Medical Debt
Managing rising medication costs and related debt
Ohio residents who are faced with serious health problems may struggle under the burden of expensive medications. The issue can become even more frustrating as providers of medical insurance place a greater portion of prescription costs in the hands of consumers. The...
Communication key to resolving medical debt
Medical debt remains among the most common types of debt plaguing citizens of Summit and throughout the rest of the country. The American healthcare system stands above all others in the world in terms of positive patient outcomes and advances in treatment methods....
Experts warn against replacing medical debt with other debts
Medical debt is quickly replacing all other forms of the debt as the primary source of financial struggles for families in Cuyahoga Falls and throughout the rest of the U.S. Many may wonder how is it that so many can be without health insurance in today’s...
Proper planning may help families to avoid medical debt
Bankruptcy is often given a bad rap by Cuyahoga Falls residents. Many may view it as simply a way for irresponsible individuals to get out of having to pay their debts. Yet a majority of people who seek bankruptcy protection are forced into doing so by circumstances...
Medical debt now the #1 reason why Americans file for bankruptcy
It’s probably safe to say that no one in Cuyahoga Falls ever anticipates having to file for bankruptcy. Most work very hard at establishing good money management skills. Yet no one can anticipate a major medical emergency such as a serious accident or an...
New initiatives aim to keep medical accounts out of collections
Those in Summit who pride themselves on avoiding debt may just be surprised to learn exactly which type of debt is the most prevalent in the United States. According to the Consumer Financial Protection Bureau, medical debt has recently surpassed all other types of...
Be careful before blindly signing up for medical credit cards
Medical debt remains one of the most prevalent forms of debt carried by residents of Cuyahoga Falls and across the county. Yet unlike other types of debt, it's one that's not easily avoided. No one is expected to refuse medical care when it's necessary, and even those...
BCFP raises the call for greater oversight for medical debt
Medical debt remains one of the major causes of personal financial struggles in Cuyahoga Falls and throughout the U.S. Due to the high costs of healthcare, many are unable to resolve their medical expenses as quickly as some providers would like. The pressure to...
Medical debt could soon have less of an impact on a credit score
There are a number of different forms of debt that consumers in Cuyahoga Falls can accrue, and most are due to conscious decisions that they make with their money. However, there is one form of debt over which people often have no control: medical debt. Medical...