' Credit Card and Medical Debt - Law Offices of Robert M. Geller
CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Florida Residents May Forego Medical Care Due to Credit Card Debt

Credit Card and Medical Debt

For many people, the thought of taking on any more debt can be a daunting proposition. With high-interest rates on credit card debt, many Florida residents simply cannot afford to take on any more debt that could result in them falling further behind than they already are. This may even be true when it comes to seeking medical care. A recent study revealed that those with significant credit card debt are less likely to voluntarily seek treatment than those without such debt.

It was reported that 64 percent of individuals who were ill but did not seek medical care were on the hook for credit card debt. This number far exceeded those who were indebted for car or home purchases. However, despite the need for those in serious credit card debt to avoid the cost associated with receiving medical care, it was found that this could be detrimental to their long-term financial well-being.

Those who forego medical treatment are often subjected to their conditioning worsening. Understandably, this can reduce their ability to earn a living. The inevitable consequences put individuals into a more precarious situation concerning their finances than if they attempted to shoulder the debt earlier — even while they tried to manage their credit card issues.

No Florida resident should be forced to choose between receiving the proper medical care and being able to stay up-to-date with their credit card debt. If this debt becomes too much to handle, it may be time to look at other options. This could include a bankruptcy filing, which could give the individual the breathing room they need to address their immediate needs.

Source: Fox Business, “Credit Card Debt Causes People to Forgo Medical Care,” Martin Merzer, May 21, 2013

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

Does Bankruptcy Clear Attorney Debt?

Filing for bankruptcy is a complex process that often requires the expertise of a bankruptcy attorney to navigate successfully. However,...
Read More

What to Ask a Bankruptcy Attorney?

Deciding to file for bankruptcy is a significant and often emotional step, and having the right legal guidance is crucial...
Read More

How Can I File Bankruptcy with No Money?

Filing for bankruptcy is often seen as a last resort for those overwhelmed by debt. It's a step that provides...
Read More

What Does the Bankruptcy Trustee Investigate?

Filing for bankruptcy can be a daunting process, filled with complex legalities and numerous requirements. One key figure in this...
Read More

Can You Make Too Much Money to File for Bankruptcy?

When people think about bankruptcy, they often envision individuals who are completely destitute and unable to meet basic financial obligations....
Read More

Can You File Bankruptcy with Equity in Your Home?

For many individuals facing financial hardship, their home represents their most significant asset. However, when struggling with overwhelming debt, the...
Read More

Are Trusts Protected from Bankruptcy?

Trusts are powerful estate planning tools. They allow people to protect and distribute their assets according to their wishes. This...
Read More

The Truth About Bankruptcy and Buying a Car

The Truth About Bankruptcy and Buying a Car Bankruptcy often carries a stigma of financial ruin and a bleak future....
Read More

How Do Bankruptcy Lawyers Get Paid?

Bankruptcy can be a stressful and overwhelming experience, but having the right legal representation can make all the difference in...
Read More

Do You Lose Your Home When You File for Bankruptcy?

Filing for bankruptcy can be a daunting prospect, especially when it comes to concerns about losing one's home. Your home...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions