Sunday, February 12, 2012

Charging medical bills a risky business

(CNN Money) UPDATED 2009-07-11
Unemployment rates are climbing and medical bills are mounting, forcing many American to pay their medical bills with credit cards. But consumer advocates say this is a dangerous trend for consumers who may get in over their heads with debt. Meanwhile, the credit industry sees this as an opportunity to provide credit cards designated only for out-of-pocket medical expenses. But experts say the moderate-to-low income consumers who are most tempted to use credit cards to pay basic medical expenses are the ones who can least afford to take on more debt, making medical credit cards a potentially risky business.  Read full story >
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