For some people, medical bills are a primary derogatory mark on their credit report because they were in collections. Those medical bills often pushed people to file for bankruptcy so they could get a fresh financial start. Starting in July, Equifax, Experian, and...
Medical Debt
Medical debt can take over your life
Medical debt can overtake the average American household with little warning. Even those who have health insurance can wind up with big medical debts. They could require cancer treatments that their insurance company doesn't cover or have coinsurance that requires...
What do you know about getting help paying medical bills?
After a recent medical diagnosis, you expect to spend more time in medical care facilities. You do not want to add to your current debt woes, but you may not know how to get help paying medical bills. U.S. News & World Report offers tips for navigating medical...
How to fight mounting medical debt
If you are like many Americans, you probably feel a lot of pressure to pay off your debts. Unfortunately, you may have a medical debt to pay off too. Medical debt is common but devastating to a lot of adults and families. Understand the problem of medical debt in the...
What are some options for paying off medical debt?
Medical debt is often something you do not expect. It can add up fast, too. Once you start receiving bills, it can become overwhelming, even if you have health insurance. Drowning in medical debt is not an ideal situation you want to find yourself in. Luckily, there...
What is the impact of medical debt on your credit score?
Medical debt is the most common type of debt people have. It is very easy to end up with large medical bills you cannot pay that make their way onto your credit report. If you struggle with medical debt, you may wonder how badly it is impacting your credit score....
Do you know these strategies for handling medical debt?
A serious health complication resulted in substantial bills when you received treatment at an Oregon medical facility. Where do you begin to dig yourself out of a financial quagmire? U.S. News & World Report offers strategies for paying health care bills. See if...
Medical debt among those under 65
Whether you are an older adult or a young adult, it is crucial to understand the consequences of medical debt as well as the prevalence of this serious problem. In fact, people of all ages suffer devastating health challenges that cause entire families to face...
What you may not know about Medical debt
Medical bills may be terribly complex. There are also misconceptions about medical expenses which may also appear as medical debt on your credit reports without your knowledge. Approximately 31.6 percent of Americans have collections accounts on their credit reports....
Do’s and Don’ts of medical debt
Medical bills can be overwhelming. But there are recommended methods to deal with medical debt while other options can have consequences. Quick fixes and ignoring debt can compound debt and lower your credit scores. For example, placing debt on a credit card will...
Learn More About Your Fresh Financial Start
The Law Office of Kim Covington is a debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 23 years.