Two years ago, the president of Credit Management Services, a collection agency in Grand Island, Nebraska, presented a struggling local family with the keys to a used 2007 Mercury Grand Marquis. To commemorate the donation, the company held a ceremony that concluded outside its offices, where the couple and their two young girls could try out their new car.
The family's story was dire: their eight-year-old daughter's failing kidney had led to multiple surgeries and a deluge of medical bills, according to an article in the local newspaper.
|Total CL: $321.7k||UTL: 2%||AAoA: 7.0yrs||Baddies: 0||Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping|
CMS has a pretty good scam going there. Ruining peoples already dismal financial lives for monetary gain when they are down. I'm paying a bunch of med debt this year... It sux.
Medical debt is the leading cause of BK in the US. Unfortunately the situation isn't likely to change until we move to a single payer system.