The CFPB study concluded that the process of billing for medical care can be confusing and the system for reporting
overdue medical debt is haphazard.
Not exact matches
This could explain why half of all
overdue debt on credit reports is now for
medical expenses.
This wide - ranging category includes credit card bills, auto loans,
medical expenses and other personal
debts, such as
overdue federal and state income taxes.
This scoring model will now separate
medical debt from a non-
medical debt, softening the impact of
overdue medical bills.
So if you have legitimately dischargeable
debts, like
medical expenses or a pile of
overdue bills in collections, be sure to list them or you'll miss the bankruptcy boat.
Certain personal
debts are the most common types normally sent to collections: these can include
medical bills, mortgages and auto loans, or
overdue credit card balances.