The typical individual makes numerous decisions on a daily basis. These decisions range from what to wear to what to eat to what purchases to make. For some South Carolina residents, there is also the decision of which bills to pay. Many bills are created by choice, but in the case of medical bills, there is often little choice. This is where a medical debt attorney can be essential.

When funds are limited but a medical procedure is necessary, there a very few options as to what to do. In many instances, the individual will pay for the procedure using a credit card. While this may appear to be a convenient way to handle the situation, it can also be a costly one.

Credit card companies do not recognize a difference between medical debt and consumer debt. The interest rate charged on both is the same. Research shows that the average American is paying close to $500 per year in credit card interest associated with medical debt.

There are other ways to handle medical debt. Some employers offer flexible spending accounts that actually save the individual when tax time comes. In other instances, the medical center may be able to work with the individual by setting up a payment plan.

When a South Carolina resident finds him or herself facing a debt crisis related to medical, or other, expenses, it is time to take action. The problem will not simply go away on its own. However, a medical debt attorney can review the situation and offer suggestions on the best way to solve the problem.

Source: fool.com, “Is This the Reason U.S. Credit Card Debt Keeps Climbing?”, Maurie Backman, Dec. 20, 2017