Doctors’ bills play a role in 60 percent of personal-bankruptcy filings. Submitted by New Jersey Bankruptcy Lawyer, Lee Perlman. In April 2016, Venus Lockett was about to give a speech at an event she volunteered for near her home in Atlanta. She was already stressed. The previous night, she had stayed up late making her […]
Consumer Advisory: 7 ways to keep medical debt in check
By Gail Hillebrand Debt collection is the top complaint we’ve received since September 2013. Out of all debt types, medical collections make up 52 percent of collection accounts on credit reports, far outpacing all other types of debt. Medical collections are so widespread, that an estimated 43 million consumers with an account in collection have […]
The Medical Debt Crisis Isn’t Going Away… Deal With It
It’s no secret that medical bills in collection can ruin your credit. In fact, it may lower a score by “100 points or more” for someone with a spotless credit history, according to FICO. As tens of millions of Americans are paying off medical bills over time, the potential for damaged credit is great. Many government […]
