When I ended up in the hospital two years ago, I worried about getting better, not about medical bills. I had great insurance and thought my stay would be covered.
So when I finally got home, I was shocked to get a bill for over $20,000. The amount I owed was way more than I had in savings, so I ended up paying it with my credit cards. I knew it wasnt smart, but I was out of options.
If youre in a similar situation and facing a hefty credit card balance, you might feel like youve fallen into quicksand, where no matter how hard you struggle, you keep sinking. Credit cards typically have high interest rates, causing your balance to balloon over time. You could end up paying back thousands of dollars more than you originally borrowed.
On…
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