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5. Look into medical credit cards. Medical credit cards let you cover the cost of medical treatment and often come with an introductory interest-free period spanning six to 24 months. If possible ...
Even the savviest consumers can be confused by medical credit cards. Michael Imboden, a 52-year-old IT specialist from Atlanta, signed up for a CareCredit card in early 2024 to pay for $5,400 ...
Medical credit cards have historically been used for elective procedures like cosmetic dentistry, dermatology, vision and in veterinary clinics. The Consumer Financial Protection Bureau, which ...
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As these medical fees continue to rise and out-of-pocket expenses continue to grow, Americans are at much higher risk of falling into medical debt whether insured or not. [22] In May 2023, President Biden publicly discouraged all Americans from using medical credit cards to pay for their medical bills due to the credit cards' high interest ...
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