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Strategies & Market Trends : World Outlook
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To: Les H who wrote (9436)2/19/2008 12:25:14 PM
From: John Carragher  Read Replies (2) of 50551
 
five years ago medical didn't accept credit card for payment. it was usually cash or check. so i expect more and more are using credit cards to pay medical bills. Why not.? first we do not have to write out a check and immediately have money withdrawn from checking account rather get a few weeks float on average. the credit card gives us a summary reference for tax purposes or budgeting. we have less to balance in bank transactions if the credit is a draft from local checking.

i may write two to four checks a year, otherwise everything is on credit card. cannot remember the last time i used cash for a purchase. Everything set up to pay on line, drugs, medical services, doctors, telephone, etc. most everything handled electronic.

if majority would use a credit card to pay over a $1000. medical bill i assume the same people would do it pay for tv, pc, major car repair.

the study really doesn't tell us anything other than the medical profession has accepted credit cards for payment vs cash or checking.
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