Medical credit cards: How they work, risks and alternatives
Understand the risks of using medical credit cards before you sign up for one.
6 min read
Jan 04, 2024
Thomas Nitzsche
Financial Educator, Debt and Credit
EXPERTISE
- Debt management
- Debt consolidation
- Credit card debt
- Building credit
EDUCATION
- Bachelor of Science, Maryville University
I’ve seen how shame keeps people from talking about their debt and finding a solution. Don’t let it stop you!
— Thomas Nitzsche
Thomas Nitzsche is 15-year veteran at Money Management International (MMI), the leading provider of nonprofit financial counseling and education in the United States. He has dedicated his career to using his personal experience and professional expertise to create conversations about money and destigmatize debt. In his current role, he manages MMI’s external communications, social media, and brand reputation.
Thomas has the unique perspective of both a former client and a former counselor at MMI. He joined MMI during the Great Recession and counseled thousands of clients as they navigated the economic downturn and subsequent mortgage crisis. Having personally experienced many of the same challenges as his clients, Thomas became a natural spokesperson and was promoted to media relations. Since that time, his role has grown to include a variety of public relations responsibilities.
Thomas has been extensively sourced as a subject matter expert on a wide range of personal finance matters. He has been featured in U.S. News & World Report, Forbes, The New York Times, USA Today, Consumer Reports, TIME, CNBC, and many others. He wrote for Nerdwallet as a member of its Ask an Advisor network and provided expertise to MSN Money’s Ask a Credit Counselor platform. Internally at MMI, he serves on the President’s Counsel and leads LGBTQ visibility efforts.
Find Thomas beyond Bankrate
- Beyond Pride: Inside the Movement to Make Money More Inclusive of LGBTQ+ Americans
- Lessons From the Last Recession: How I Saved My Home from Foreclosure
- How to improve your credit score in 2021: Easy and effective tips
- What Are Credit Repair Scams—And How Can You Avoid Them?
- Credit Counseling: Could It Help You Get Out of Debt?
- Tips for Reducing Credit Card Debt, Even if Balances Are Already Lower
- How Gas Bill Payments Can Impact Your Credit Score
- Credit card debt and delinquencies climbing, especially among young adults
- In debt? Morris man shares how he was able to pay off $25k in three years
- A Man Says He Paid Off Over $40,000 in Credit Card Debt. Here's How
- Paying down charges as credit card debt reaches $1 trillion
I’ve seen how shame keeps people from talking about their debt and finding a solution. Don’t let it stop you!
— Thomas Nitzsche