Medical debt problems?

cost health careMedical debt is a special kind of debt. Medical debt also tops the list of debt collection complaints at the Consumer Financial Protection Bureau (CFPB).

You’ll find helpful tips below, from the CFPB, in how to manage medical debt, try to minimize it, and what not to do with those expenses.

For example, don’t put medical expenses on credit cards. This makes that debt look like all your other debt. Instead, negotiate with the care provider for a payment plan, that is often at a lower interest rate than credit cards. Learn more in the short, to the point, articles by CFPB:

Here’s how medical debt hurts your credit report.

Consumer Advisory: 7 ways to keep medical debt in check.

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