rajshukla
Joined: 03 Jan 2012
Posts: 160
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 Posted: Tue Jan 03, 2012 12:31 pm Post subject: hi |
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In 1981, 8% of all individuals who filed for bankruptcy did so because they were facing the problem of medical debt. On the other hand, this figure has risen to more than 50% today. This is a drastic increase and clearly indicates the correlation between medical debt and bankruptcy. There are many persons who feel that medical debt settlement is not a smart move. They point out the fundamental difference between medical debt and credit card debt. They indicate that the former is the result of a service that you have used and the latter is the result of a loan that you have taken. Among the loads of unsecured debts that the citizens are compelled to undergo, medical debts stand a higher rank. Obviously each individual has to get service from a medical service provider at any stage of life.
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