COLLECTIONS
Medical Debt and Collections
- Hefty bills from medical care are a staggering burden for consumers.
- About 137 million Americans have a medical debt; 28% of those owe $10,000 or more.
- The sad reality is that neither the debt, nor the effort to collect it, goes away. Just don’t panic.
- Learning how the system works and seeking financial help for medical bills might save you from financial ruin.
- It’s important not to run away from a debt. Explain your situation with the hopes of working out something you can afford.
- Take the situation seriously. Medical debt is the leading cause of bankruptcy in America, and legal complications from medical debt can severely impact you and your family’s financial well-being.