as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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compare and contrast medical bills and credit card debt.
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medical bills and credit card debt are both forms of debt. both involve borrowing money and expecting repayment with interest. however, medical bills tend to be larger and may include additional cost components such as insurance premiums and co-pays. credit card debt comes with interest rates that are often much higher than those associated with medical debt. in general, medical debt is not reported to credit bureaus and does not have the same negative impact on credit score as unpaid credit card debt.
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