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Kerry Holbrook is grateful for the Duke University Hospital doctors who saved her life. But not for the collection agencies that have harassed her.
Overall, 47% of patients reported medical debt related to their cancer treatment, with half carrying debt that exceeded $5,000. More than two-thirds carried their debt for more than a year; about ...
Undue Medical Debt, formerly RIP Medical Debt, [1] is a Long Island City–based 501(c)(3) charity [2] focused on the elimination of personal medical debt. [3] Founded in 2014 by former debt collection executives Jerry Ashton and Craig Antico, [4] the charity purchases portfolios of income-qualifying medical debt from debt collectors and healthcare providers, and then relieves the debt. [5]
To decide which debt relief option is best, evaluate how each will impact your credit score and long-term financial health. Credit counseling can help you choose.
Apart from that, the national organization "providing free, professional support services and information to help people manage the emotional, practical and financial challenges of cancer", CancerCare has provided $39.7 million as a financial assistance to reportedly 24,767 people in order to help with treatment-related medical costs.
Unfortunately, people can get over their heads when amassing a lot of debt. The New York Federal Reserve’s Q1 2024 numbers reported that total household debt was $17.69 trillion.
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