Forbes has a good description of why medical debt is different than other forms of consumer debt: In normal consumer markets, people owe what they owe. In fact, consumers often can’t purchase goods or services until they pay for them
Many consumers take their medical bills at face value — and often pay more than they need to. Some good advice from USA Today on avoiding three big mistakes: 1. Not shopping around “Start by knowing the cost of services.
A new US PIRG report finds that nearly two-thirds of people who complained to federal regulators about medical debt collectors said they did not owe the money. The Boston Globe reports on the study: “Researchers determined that more than 60
CNBC: A third of consumers has been contacted by a creditor or debt collector in the past 12 months, according to a report from the Consumer Financial Protection Bureau. Of those consumers who had contact, 27 percent reported feeling threatened
Some questions and answers about medical debt from CNBC: How can I avoid medical debt? The high level of medical debt among young adults, Ms. McKernan said, is an argument for buying health insurance, even if you feel you don’t
“Much of the debt we get into we can control, like loans and credit cards. But medical debt is often unplanned, although there are a few ways to mitigate the pain of those bills,” Fox News Atlanta reports. The bade