Millions of Americans experience economic hardship after sustaining a serious injury or illness. The high cost of health care makes it difficult for many to bounce back financially. However, filing for bankruptcy may offer a solution. What is bankruptcy? Bankruptcy is...
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How does medical debt affect credit scores long-term?
Medical bills can be overwhelming, and they often lead to significant debt. For many people, this debt can impact their financial health for years to come. Understanding how medical debt affects credit scores is key to managing these challenges. Immediate impact on...
What legal protections cover medical debt during a health crisis?
Medical debt is a significant burden for many, especially when facing a major health crisis. Fortunately, there are legal protections in place to help individuals manage this debt while focusing on recovery. The Fair Debt Collection Practices Act (FDCPA) The FDCPA...
How to remove medical bills from your credit report in Indiana
Medical bills can be a significant burden, and when they appear on your credit report, they can impact your credit score. Fortunately, you can remove medical bills from your credit report in Indiana. By understanding the process and taking the right steps, you can...
Should you take out a home equity loan to pay off medical debt?
Medical debt can be overwhelming and stressful, leading individuals to seek quick solutions. One option some consider is taking out a loan on their home to pay off medical bills. However, this approach is not always ideal. It is essential to weigh the pros and cons of...
Tips for dealing with medical debt collectors
Dealing with medical debt collectors can be overwhelming, but understanding your rights and knowing how to respond can simplify the process. Know your rights The Fair Debt Collection Practices Act (FDCPA) safeguards you from abusive practices. Debt collectors cannot...
What are the most common sources of medical debt?
Medical debt is often a huge source of stress. Even though an individual may try to handle it alone, medical costs still cause a lot of trouble. Knowing where medical debt comes from is important for figuring out how to deal with it. Unexpected hospital bills One...
The psychological impact of medical debt
Medical debt is a concern for many. Its presence affects not only their financial picture but also their mental and emotional wellness. The burden of owing vast amounts often leads to significant psychological stress. Recognizing the negative psychological upshot of...
How to get assistance with medical debt
Managing medical debt can be overwhelming, often leaving individuals feeling uncertain about how to get help. Fortunately, there are numerous resources available to alleviate the financial strain caused by these bills. Knowing where to go for assistance is the first...
5 steps for eliminating medical debt
Medical debt is a pressing issue for countless families. The cost of paying for medical expenses often forces people to forego necessities such as groceries and utilities. One study from KKF.org found that approximately 23 million people carry medical debt of more...