Think twice before paying off hospital debt with a medical credit card or loan from a healthcare provider.

Think twice before paying off hospital debt with a medical credit card or loan from a healthcare provider.

Millions of families have some form of medical debt, and it can be daunting and debilitating if you’re struggling to pay the bill. But before you sign up for one of those medical credit cards or a loan offered by the health care provider — promising to ease the burden — Consumer Reports warns that …

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CFPB Considers Rules to Remove Medical Debt from Credit Reports: What Does This Mean for Medical and Dental Providers? | JD Supra

Fox Rothschild LLP

Last month, the Consumer Financial Protection Bureau (CFPB) began a rulemaking process that, if enacted, would reshape the credit reporting and debt collection landscape and could have a detrimental effect on financial results of medical and dental providers. As we noted previously, the CFPB, led by Rohit Chopra, continues to make medical financing and debt …

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