Medical Debt Is Not A Leading Cause Of Bankruptcy
A new study shows that the idea that more than half of all bankruptcies are caused by medical debt is incorrect. Far more common are bankruptcies related to credit card debts. Ncpa.org reports:
Mathur does not find support for the view that medical debts are the leading cause of bankruptcy filings. In fact, households who are most likely to file are those with primarily other forms of debt, such as credit card or car debts, who also incur medical debts.
Read more: MEDICAL BILLS AND BANKRUPTCY FILINGS
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August 28th, 2006 at 3:41 pm
“A new study shows that the idea that more than half of all bankruptcies are caused by medical debt is incorrect. Far more common are bankruptcies related to credit card debts.”
This is a very interesting survey. It is against of common idea. It shows that people must be more cucious about their credit card than medical debt. Unfortunately, Now, people are crazy about fashionable items and suffer from too much loan.