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Medical Debt

When an Attorney Is the Best Medicine

New York Legal Assistance Group | Posted 08.14.2015 | Impact
New York Legal Assistance Group

Laura, a single mother with breast cancer, no income, and no medical insurance, was over $300,000 in medical debt. While her doctors addressed her cancer, they could do little to help her deal with the devastating financial consequences of her illness.

The Poetry of Toxic Medical Debt

Jerry Ashton | Posted 05.07.2015 | Good News
Jerry Ashton

RIP Medical Debt has not only done well by the families it has gifted, it has at the same time subtracted that amount of available debt from the industry. No agency will have a chance to buy it. It is out of their world. Forever.

For Non-Profits, There Ain't No Free Launch!

Jerry Ashton | Posted 05.01.2015 | Impact
Jerry Ashton

What could be easier than starting a feel-good, do good charitable operation? Especially one that would have universal appeal and which -- in one way or another -- likely affects almost every family in the United States?

Your Credit Score: Updates You Should Know

Jason Alderman | Posted 06.29.2015 | Money
Jason Alderman

Do you know your FICO Score? With a new version of the leading credit scoring system released this past fall, it's even more important to understand how you're managing your credit.

Why You Shouldn't Be Afraid to Talk About Finance

Nourish International | Posted 05.13.2015 | Money
Nourish International

Many who look to understand the incredible wealth gap are quickly lost in the exclusive language of finance. When it comes to the inner workings of financial institutions, the rise and fall of markets, the tangled web of international debt, or even just our own personal finances, most of us are lost. In short, we are financially illiterate.

New York Settles With Equifax, Experian and TransUnion. What Does That Mean For You?

Jeanne Kelly | Posted 05.11.2015 | New York
Jeanne Kelly

A couple days ago, the New York State Attorney General (AG), Eric T. Schneiderman, announced the settlement of a lawsuit with the top three credit reporting firms.

Good News on Health Care in 2014, But We're Still Spending Way Too Much

Wendell Potter | Posted 02.22.2015 | Politics
Wendell Potter

Millions of Americans are still filing for bankruptcy because of medical debt, even though they have insurance. In 2015, families could be on the hook for 13,200 in out-of-pocket expenses before their coverage kicks in. That's far more than many household budgets will allow.

Hunter Stuart

Your Credit Rating Might Predict How Likely It Is You'll Have A Heart Attack

HuffingtonPost.com | Hunter Stuart | Posted 11.25.2014 | Business

A new study has found that your credit rating may be able to predict how likely you are to have a heart attack or stroke.

Here's Why Medical Debt Is Crippling Millions of Americans, and What You Can Do About It

Napala Pratini | Posted 12.09.2014 | Money
Napala Pratini

Credit card and financial debt may get all the hype, but medical debt collected by third-party collections agencies is roughly three times as large as both combined.

Will Occupy End Up Having a Bigger Impact Than the Tea Party on Real People's Lives?

Ian Reifowitz | Posted 11.22.2014 | Politics
Ian Reifowitz

I'd have to say that rescuing people who've been taken advantage of by hustlers posing as an institution of higher education, and people who've been crushed by bills they've had to pay to get the health care all of us deserve, is a far more morally sound thing to do. And it's having a much bigger impact.

Strike Debt Takes on Student Loans! (It Must Be Occupy's Birthday Again)

Jerry Ashton | Posted 11.08.2014 | New York
Jerry Ashton

After having raised over $700,000 in "People Bailing Out People" funds and then using a majority of these dollars to purchase -- and abolish -- upwards of $15,000,000 in personal medical debt, Occupy Wall Street's Strike Debt is now stalking a more formidable quarry -- student debt.

Is America Now a Debtor Nation?

Curtis Arnold | Posted 11.04.2014 | Money
Curtis Arnold

Have a few blemishes on your credit report? You're not alone. According to a recent study from the Urban Institute, over one-third of Americans had debt in collections in 2013.

4 Ways A Large Medical Bill Could Sabotage Your Retirement (And What To Do About It)

Napala Pratini | Posted 10.12.2014 | Fifty
Napala Pratini

Whether you plan on spending your golden years sprawled out on a beach chair, pursuing a passion, or spending all your time with those who are closest to you, you'll need to be financially prepared. Part of having a robust game plan is being aware of the various expenses -- such as large medical bills -- that could damage your retirement.

Outrageously Expensive Medical Bills Are Unfairly Hurting Your Credit

The Huffington Post | Hunter Stuart | Posted 05.22.2014 | Business

People who owe medical debts are over-penalized when it comes to their credit scores, according to a new study from the U.S. Consumer Financial Protec...

The In-Betweeners of a Broken System

Ashley Schmidtbauer | Posted 06.15.2014 | Politics
Ashley Schmidtbauer

You want to know how the working poor really live? My husband works an average of 50 hours per week just so we can barely make it paycheck to paycheck. We are the in-betweeners. Not making enough to live "comfortably" -- but not "poor" enough to get any assistance either.

Occupy's Rolling Jubilee Keeps Rolling -- and the Band Plays On

Jerry Ashton | Posted 02.03.2014 | New York
Jerry Ashton

Occupy Wall Street's "Strike Debt" (SD) working group and its "Rolling Jubilee" (RJ) operation is partying like the music will never end. And, if the...

Reflecting on Rescuing Stranded Starfish and Abolishing Medical Debt

Jerry Ashton | Posted 01.23.2014 | New York
Jerry Ashton

What was it like to open up a letter announcing that the burden of a large medical debt had been taken away? "I was dumbfounded," replies Terrance Lavalle, referring to a letter he received in November from Occupy Wall Street's working group, "The Rolling Jubilee."

Finding My Niche, Post Cancer

Kate Sievers | Posted 07.28.2013 | Healthy Living
Kate Sievers

I was diagnosed with Hodgkin's Lymphoma, stage 2A with bulky mediastonal disease, when I was 22. Most people know that cancer is expensive, but I didn't think that most people understood what that meant for a twenty-something.

A Cynical Search for Loopholes

Wendell Potter | Posted 07.28.2013 | Politics
Wendell Potter

There is an age-old tradition in this country: if you don't like a law and can't get rid of it, look for a loophole. That's what some companies that don't want to comply with an important Obamacare requirement have done, and it appears they've hit pay dirt.

State Passes Bill Making Obamacare A Crime

HuffPost Live | Posted 05.03.2013 | HuffPost Live 321

South Carolina's state House passed a “nullification” bill on Wednesday declaring President Barack Obama’s Affordable Care Act “null and void...

Occupy Abolishes $1,000,000 in Medical Debt. Your Turn, Wall Street & White House?

Jerry Ashton | Posted 05.27.2013 | New York
Jerry Ashton

This week, Occupy's Strike Debt! working group will be mailing out over 1,000 letters to individuals, mostly in Kentucky and Ohio, who collectively owe over $1,000,000 in personal medical debt.

Ending Price-Gouging: Brill's Time Article and the Next Chapter in Health Reform

Diane Archer | Posted 05.04.2013 | Politics
Diane Archer

In his extraordinarily well-documented expose on the medical-industrial complex, Steven Brill explains thoroughly and repeatedly what serious pundits, policy experts and policymakers have failed to see or have feared to say: there is no free market in health care.

5 Tips For Avoiding Medical Debt

U.S. News And World Report | Ben Edwards | Posted 03.03.2013 | Fifty

Medical debt is one of the leading causes of bankruptcy in the United States. Here are a few ways to lower your health care expenses: 1. Find catas...

Why Grandma Owes More on Her Credit Cards Than You Do

Amy Traub | Posted 03.17.2013 | Business
Amy Traub

In fact, Americans age 75 and older are the only group in our survey for which credit card debt actually increased over this time period. Why? The Greatest Generation didn't suddenly become recklessly spendthrift and go wild on eBay.

Medical Bills & Minors: What You Should Know

Credit.com | Posted 02.09.2013 | Health News
Credit.com

By Gerri Detweiler It's bad enough to owe medical debt you can't pay. But what if you're young and being hounded by collectors for medical bills that...