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
Find job openings in your area. Apply for open job positions today.
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
Over 371 New Local Jobs Hiring. Find Jobs and Apply Today!
New job opportunities added daily. Search & apply for DC jobs now.
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.