What is the impact on credit rating of slowly paying medical bills?
In December I had emergent surgery for a spinal cord aneurysm. I have debts to several medical entities: hospital, surgeon, labs, etc. The debt isn't something I can pay except in small increments until I get a better job. I have heard some things that I'm trying to clarify/confirm: as long as there is some payment each year on each bill, the medical entities cannot negatively impact my credit; don't use credit cards to pay as this removes the medical bill protections, etc. What are the facts in Texas? Where can I find complete and authoritative information on this subject? Thanks in advance.
Asked By: Net Rider - 4/13/2008
Best Answer - Chosen by Asker
It is an urban legend that as long as you pay a little bit, the creditor has to take it. If you don't pay the bills when due, you are in default. They don't have to accept any payment plan. If you send small payments, they can keep the payment and sue anyway. Your small payments just keep restarting the Statute of... More
Answered By: bdancer222 - 4/13/2008
Additional Answers (1)
Well let's see... Are they reporting this to your credit file? Are you sure about this? Did you started paying your bills by making a deal with the hospital the very first week you got your bills? Or you waited months before you worked out a deal with the hospital?, why I ask these question... More
Answered By: Daniel - 4/13/2008
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