Articles for September 2022

See Ya Later Medical Debt! How the Medical Debt Relief Act Will Impact Brokers and Clients

September 13th, 2022

Did you know that medical debt is the most common collection type on consumer credit reports? According to the Consumer Financial Protection Bureau, medical debt made up 58% of all collections tradelines in Q1 2021. Total consumer medical debt is estimated to be anywhere from $81 billion to $140 billion, with up to 35% of American adults carrying some form of medical debt. More debt means fewer people seeking medical care, which negatively impacts everyone….
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