Billionaire unveils fund to defend people from medical-debt collectors

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Billionaire unveils fund to defend people from medical-debt collectors
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Idaho's wealthiest man just launched a new fund to defend people from 'overly aggressive medical debt collectors.'

According to Consumer Reports, it's not unusual for people to get contacted about a debt they don't recognize.

In announcing the fund, VanderSloot indicated it would defend against "tactics used by overly aggressive medical debt collectors." Even though medical debt can lead to litigation, some attorneys suggest U.S. consumers are more likely to be sued for having credit card debt. In some states, including Idaho, consumers have just 21 days to respond to collection lawsuits.

"How they were behaving with us, the employer, seemed really odd," said VanderSloot. He alleges MRS used "bullying kind of tactics" and engaged in "patterns that appear to be unethical at the least.""We take our professional and ethical obligations very seriously," MRS attorney Bryan Smith told CNBC in an email statement.

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