Know your rights and protections when it comes to medical bills and collections
When you get billed for medical treatment, know what protects your credit standing and how to steer clear of pitfalls.
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Are you getting the help with your medical bills you are entitled to?
Nonprofit hospitals are required to offer financial assistance programs to help people cover the cost of medical care. Other medical providers might also offer similar assistance.
No Surprises Act: How we are protecting people from the side effects of surprise medical bills
The No Surprises Act puts guardrails in place to prevent certain unexpectedly high medical bills. Plus, people have protections from unwanted side effects of surprise medical bills: unlawful debt collection and credit reporting.
New protections for servicemembers and veterans alert
A recent law provides additional protections for servicemembers affecting VA refinances, medical debt on credit reports, credit monitoring, and stays on foreclosure. Here’s what to look for in the new laws and when they go into effect.
Save the date: Join us for the Winter 2015 Consumer Advisory Board meeting in Washington, DC
Join us for a Consumer Advisory Board meeting with Director Cordray on Thursday, February 19 from 10 a.m. to 4 p.m. EDT. During this meeting we will discuss trends and themes related to consumer financial well being and medical debt.
Live from Oklahoma City!
Today, we held a field hearing on medical debt collection in Oklahoma City, OK. The hearing featured remarks from Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and members of the public. The live event has now ended, but we’ll have a recording available here soon.
Seven ways to keep medical debt in check
An estimated 43 million Americans are dealing with medical debt. Debt collection is the top complaint we’ve received since September 2013 and medical collections make up 52 percent of collection accounts on credit reports, far outpacing all other types of debt. Learn more about how you can keep medical debt in check.
Here’s how medical debt hurts your credit report
Since September 2013, debt collection has been the top complaint at the CFPB. A staggering 52 percent of all collection accounts on credit reports are medical. An estimated 43 million consumers with a credit report at a nationwide consumer reporting agency have one or more medical accounts in collection. Learn how this can your credit report.
Save the date, Oklahoma City!
Join us for a field hearing in Oklahoma City, OK on medical debt collection.
What’s the deal with health care credit cards? Four things you should know
Recently, many patients facing medical procedures have seen their health care providers suggest deferred interest rate credit cards as a payment option. Unfortunately, health care providers don’t always explain how these deferred interest credit cards work. We want to make sure that you get the facts you need.