(TNND) — New research points to the connection between medical debt and housing instability.
Meanwhile, a financial educator said medical debt is a problem leading many folks to seek help from professional credit counselors.
“So, it’s not necessarily the only thing going on in their financial lives, obviously. But it’s sort of the thing that’s top of mind at the moment that they contact us,” said Thomas Nitzsche of Money Management International, one of the country’s largest nonprofit credit counseling organizations. “So, you can consider it sort of like the straw that breaks the camel’s back, so to speak. They might be kind of limping along with a lot of credit card debt or other types of debt, and then they have a medical event,…