Doctor Bill: Save Your Credit From a Bad Billposted on 12/22/2010 by admin
Doctor bills come in all shapes, sizes, colors, and seemingly languages. For many Americans the words, Doctor Bill instantly imply stress and create headaches. Medical bills and doctor’s bills are sometimes so difficult to understant that many don’t even know the cost of each treatment. Doctor bills can also be very expensive and in the worse case doctor bills can be so gruesome that they effect your individual credit score.
In a New York Times article exploring doctor bills and expenses, “Unpaid Medical Bills and Your Credit” author Karen Barrow unravels the turmoil behind a doctor bill and how it can effect an indivitual’s life.
If you or a loved one has an unpaid doctor bill that is negatively effecting a credit score, you are not alone. Ms. Barrow estimates that roughly 14 million Americans have had an overdue doctor bill wreck their credit.
And one unpaid doctor bill can lead to even more financial burdens. “Medical Bills Prompt More than 60 Percent of Bankruptcies” states that between the years of 2001 and 2007 bankruptcies due to unpaid doctor and medical bills increased by an alarming 50 percent.
Also, check out these helpful resources on how to manage and reduce a doctor bill.
- Cancer Legal Rights Center
- A Helping Hand in Healthcare
- American Cancer Society Support
- Patient Navigator Program
How have you managed an expensive doctor bill?