Health care credit cards have created an uproar amongst the medical environment of US. It is not something that is welcomed by everyone. Let’s take a look at what exactly is “health care credit cards”

What Is A Health Care Credit Card

This is a credit card issued to you by your medical practitioner with tempting repayment terms. Problem is that this scheme is too good to be true and it is more of a fradulent practice rather than an objective to help patients. Medical practitioners collaborate with these credit card providers and they get their own comission for being able to generate more customers. The people who used these cards for treatment, did not have insurance covered for the various medical process.

Ever since the health care credit cards have been introduced, the practices of many medical insurers, doctors and issuers have come under scrutiny. Due to this reason, the Attorney General of New York, Andrew Cuomo, has raised awareness regarding the benefits the physicians receive when they advise their patients to use these health care credit cards.

Physician’s Commission

According to the Attorney General, it is believed that physicians who recommend these credit cards receive a certain percentage as their commission by the lender of the credit cards. Therefore this establishes a direct relationship between the physician and the credit lending company, because the more the patients use these cards, the more the physician would receive as commission.

However, the dilemma which rises over here is that using these health credit cards would not only increase individual burden but also economic burden.

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There are many hideous debt companies that charge customers more than the actual price for their services, which at times is not reliable, troublesome, and cause customers to land themselves more in debts rather than to get out of it. Now that this malpractice has come into the limelight, many US states are crackling down on these cheating debt settlement firms. New York State’s attorney General, Andrew Cuomo, announced an investigation that had many companies charged with cheating, already trapped customers, with sky high prices. The following names that are given below are companies that have been cracked down on by the state, as per customer complaints.

1. American Debt Foundation Inc.
2. American Financial Service
3. Consumer Debt Solutions
4. Credit Answers L.LC
5. Debt Remedy Solutions L.L.C
6. Debt Settlement America
7. Debtmerica Relief
8. Debt Settlement USA
9. DMB Financial L.L.C
10. Freedom Debt Relief
11. New Era Debt Solutions
12. New Horizons Debt Relief Inc
13. Preferred Financial services Inc.
14. U.S Financial Management Inc.
15. Allegro Law.

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