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The truth about medical bills sent to collections

from MarketWatch

The truth about medical bills sent to collections MarketWatch If you think you’re immune to damage from a collection account on your credit report because you pay your bills on time, think again. Medical bills that you don’t know about could be hurting your credit — and the odds are not in your favor. In fact, the Consumer Financial Protection Bureau reports that around 31.6% of adults in the U.S. have collections accounts on their credit reports. That’s almost one in three Americans. Medical bills account for over half of all collections with an identifiable creditor. Chances are good that you, too, have a medical bill in collections. READ MORE

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