Biden Administration Issues New Warning About Medical Credit Cards ...Middle East

The Biden administration on Thursday cautioned Americans about the growing risks of medical credit cards and other loans for medical bills, warning in a new report that high interest rates can deepen patients’ debts and threaten their financial security. In its report, the Consumer Financial Protection Bureau estimated that people in the U.S. paid $1 billion in deferred interest on medical credit cards and other medical financing in just three years, from 2018 to 2020. The interest payments can inflate medical bills by almost 25%, the agency found by analyzing financial data that lenders submitted to regulators. “Lending outfits are designing costly loan products to p

Read More Details
Finally We wish PressBee provided you with enough information of ( Biden Administration Issues New Warning About Medical Credit Cards )

Also on site :

• Marshall says he believes Trump megabill ‘will help shrink the debt’
• Sen. Thom Tillis Announces Retirement After Trump Threatens Primary Race
• Jensen Ackles Makes Rare Comment About 'Supernatural' Fans