Although some evidence indicates that our nation's economy is on the mend, many are still struggling to make ends meet. Even for those who believe themselves to be in firm financial footing, an unexpected expense can be difficult to bear. According to a study titled "Medical Bankruptcy in the United States, 2007: Results of a National Study," published in the American Journal of Medicine, medical bills are one of the most common causes of consumer bankruptcies.
Struggles with debt are one of the types of financial problems consumers can face. Such struggles can have major impacts on a consumer. There are many types of debt a consumer can struggle with. One of these types is medical debt (debt arising from medical bills).