It's believed that 29 million Americans are burdened with medical debt of one form or another.
Also, don't forget that the number 1 cause of personal bankruptcies in the land of the free market is huge medical debt!
But the consumer will still have to remove the medical debt from the report in order for a conventional loan to be approved.
A 2007 survey had found about 70 million Americans either have difficulty paying for medical treatment or have medical debt.
However, about 60% of those found to have medical debt were insured.
A 2001 study in five US states revealed that medical debt contributed to 46% of bankruptcies, and by 2007 this had reached 62%.
In the United States, medical debt is the leading cause of bankruptcy.
The Prices already have more than $1,000 in medical debt to pay off, but their real worry is how they could afford treatment for an emergency.
On average, they had two thousand dollars in medical debt and had been contacted by a collection agency at least once.
Her father had medical debts and needed cash to see another doctor.