If your medical debts go into collection, your credit score can take a hit —
possibly leading to higher interest rates and being unable to secure new lines of credit.
Not exact matches
This can be expected
to produce a negative trickle - down effect, as
higher government debt
leads to higher interest rates, lower business investment, and
higher future tax
rates —
possibly on the middle class.
These loans can start with a lower initial
interest rate than a fixed -
rate loan, but the
interest rate is variable and can
possibly rise after a set period of time,
leading to higher monthly payments.
It carries a
high interest rate, and will only get you into trouble,
possibly leading to personal bankruptcy.