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Here's how medical debt affects your credit

Mediafeed Logo By Kayla Albert of Mediafeed | Slide 1 of 14: When job losses skyrocketed earlier this year, the number of uninsured Americans increased dramatically as well. According to Families USA, 5.4 million laid-off workers lost their health insurance between February and May — that’s nearly 40% higher than any annual loss ever recorded.Unfortunately, a lack of insurance can quickly lead to medical debt and potentially credit issues as well. Fortunately, medical debt isn’t necessarily treated the same as other types of debt. If you or someone you know is struggling with unpaid medical debt, here are a few facts you should know. 

A different kind of debt

When job losses skyrocketed earlier this year, the number of uninsured Americans increased dramatically as well. According to Families USA, 5.4 million laid-off workers lost their health insurance between February and May — that’s nearly 40% higher than any annual loss ever recorded.

Unfortunately, a lack of insurance can quickly lead to medical debt and potentially credit issues as well. Fortunately, medical debt isn’t necessarily treated the same as other types of debt. 

If you or someone you know is struggling with unpaid medical debt, here are a few facts you should know. 

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