Impact of Medical Bills in Collection: Do Medical Bills in Collection Affect Your Credit?
When you have a really serious disease, it will make your life suddenly out of control. A fast response treatment is needed when you have a serious disease, and it will make your life or those around your to be more chaotic, searching ways to heal you. Money is needed to pay your treatment, and your family finances will suddenly absorb by the bill that medical facilities give to you.
In fact, something will happen if you still have not paid your medical bill that treated your disease. There is a high possibility that your medical bills will make your credit points decrease based on the medical bill that you still have not paid and your points will go to the collection. It is still a rumor or a gossip, but is it really like that? Do medical bills in collection affect your credit report or not? In this article, there will be information of do medical bills in collection affect your credit for you who still wondered about the impact of medical bills to your credit reports. ( read : What Happens When Medical Bills Go To Collections ).
Impact of Medical Bills in Collection
When you have unpaid medical bills, your debt of those unpaid bills will be handled to the collection agency by the medical facilities or provider that you still unpaid. Then, you will be contacted and persuaded to pay your bill by someone from the collection agency, or known as the collector. By the time you are being contacted by the collector from the collection agency, it means your debt of medical bill have gone to collection and will show up in the credit reports. Do medical bills in collection affect your credit? Yes. If you still ignored or cannot pay the medical bill to the collection agency, then it will seriously affect your credit points. The effect does not stop here. Even though you are slowly paid your medical bills, it only takes 7 years for the collection agency to remove your points along with your credit report due to the debt of the unpaid medical bill.
How to Cope with Medical Bills in Collection?
Most people who suffered from the medical bills’ collection will look for a way that will dismiss the medical bills report in their credit cards. However, the common thing that you can do when you suffered medical bills is that keep calm and keep paying your credit on medical bills while maintaining low points on your credits. If you do this step, there is a possibility that your credit points slowly increase.
Prevention Technique to Avoid Medical Bills in Collection
If you believe that you cannot pay the bill given by the medical facilities, it is a bad idea to talk to the medical facilities or the doctor that treat you. Just tell the doctor about your bills, negotiate and ask for a good solution that will not impact the bills on your credit report. If you cannot negotiate or ask for a good way to solve your bill’s problem, then you might want to hire a billing advocate, and it will assist you to solve your problems with a cost.
In conclusion, the answer to the question ‘do medical bills in collection affect your credit?’ is yes. It will seriously impact your credit report and credit points. If you still ignored your medical bills notice from the collection, it will delete your credit reports with your credit points.