Medical Debt Is Responsible for the Majority of Bankruptcy Claims in the U.S.

Specifically, the website NerdWallet.com recently reported that Americans pay three times more in third-party collections from medical debt each year than they pay for bank and credit card debt combined, with 21 billion dollars in medical debt collected from American consumers in 2012. This year alone, roughly 51 million American adults will be contacted by a debt collection agency about medical ...



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