Medical Bills are a huge problem.

Medical bills on the other hand, are the easiest thing to keep off of your credit report though.  I see it all the time, medical bills pulling down credit scores.  In some cases, it can even keep you from getting a home or car loan.  Let me give you some very important information.  In almost all situations, creditors will not turn you over to collection if you have a valid payment arrangement in effect.  This in some cases can be as little as $20 dollars per month.  The key is making this agreement before your account is turned over to collection companies.  As soon as you receive your bill, contact your medical provider and offer your arrangement.  Most are happy to oblige.  These arrangements do not have any added interest or fees most of the time.  Another big mistake people make is ignoring medical bills because they think their insurance company will pay.  Although in most cases insurance will pay, they have no time limit to pay.  If they pay late it could affect your credit report.  In all cases make an arrangement and if the insurance company pays, you will receive a refund of any payments made.  I hope this information has been helpful.  Thanks for reading

Happy Holidays,

Lee Haun