In our last post, we discussed how medical debt is rapidly becoming a major financial problem here in America.
Indeed, statistics show that roughly one in five adults here in the U.S. will be contacted by debt collectors regarding an unpaid medical debt sometime this year, while medical debt now accounts for more than $1 out of every $3 owed to debt collection agencies.
While those facing medical debt have the option of securing a fresh start via personal bankruptcy, they may also be able to take action earlier, preventing the matter from even being sent to collections in the first place.
This is significant, of course, as a credit score can be damaged once a bill is sent to collections, regardless of whether it relates to medical debt or other consumer debt.
In today's post, the first in a series, we'll take a brief look at a few tips offered by medical billing advocates -- experts trained in the fine art of locating errors in medical bills and negotiating payments -- for helping keep medical bills out of collections.