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Tuesday, August 23, 2016   

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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Borrowing to Stay Healthy

Low- and middle-income households with medical debt carried an average $11,623 of credit card debt, compared with $7,964 for those without medical debts on their credit cards. Twenty-nine percent of low- and middle-income households with credit card debt said medical expenses contributed to their current balances. Within that group, 69 percent had a major medical expense in the previous three years. Young adults, age 18 to 34, had the highest level of average credit card debt among those with medical debts--$13,303. Young adults without medical debts had an average credit card balance of $7,450. Consumers with medical debts are more likely to be called by bill collectors than those without medical debts--62 percent compared with 38 percent. Consumers with medical debt are more likely to forgo health care because of the cost, the report added.
        Categories:  Credit Cards,Health,Medical Bills,Debt,Family
        Reporting Pub:  Kansas City Star
        Reporting Date:  1/17/2007
        Article Title:  Report: People who charge health-care expenses getting in debt trouble
        Article Author:  Julius A. Karash
        Pub's Source:  AccessProject.com Report
        Source URL:  View details from source

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