What Happens When You Get Sick, and How It Impacts Your Credit
The millennial generation is more likely than previous generations to cope with chronic health conditions. According to a survey conducted by The Harris Poll on behalf of CNBC Make It, 44% of millennials born between 1981 and 1988 have been diagnosed with at least one chronic health condition. Both financially and emotionally, health conditions […]
Medical Debt: 3 Credit Facts You Need to Know
In the United States, medical costs are a major problem. The average American spends more than $10,000 a year on medical care, and one in five Americans reports difficulty paying their medical bills. Medical debt can affect more than just your bank account. It can also negatively affect your credit report. The following are three […]
Why Credit Scores May No Longer be Negatively Affected by Medical Debt
The burden of medical debt weighs heavily on the credit scores of millions of Americans, even though this debt may arise from a single incident related to a critical health problem. Since the start of the pandemic, concern over the impact of this debt has only grown. Now, the three major credit reporting agencies […]