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Should I put my medical debt on a credit card?

When your medical debt mounts, you may be tempted to transfer the debt to a credit card. Don't do it, say the financial experts. And don't convert your medical debt, which is unsecured, to a secured obligation by paying it off with your home-equity line of credit. The hospital may offer you a credit line from an outside lender at 0 percent interest. That's not a good idea, either, because the 0 percent rate usually jumps into the 20 to 30 percent range if you miss a payment. Plus, once your balance is off the hospital's books, you lose any negotiating leverage you have.

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Important: This content reflects information from various individuals and organizations and may offer alternative or opposing points of view. It should not be used for medical advice, diagnosis or treatment. As always, you should consult with your healthcare provider about your specific health needs.