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Advice about help with medical debt - The Bills.com Blog
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Advice about help with medical debt
Friday, Jan 18, 2008
Question: My husband has been out of work on workers compensation for a year. We are currently receiving $200 a week and have no medical insurance. We were out of state and my 6 year old son had kidney failure. There are ambulance, emergency room and hospital bills that I cannot pay. Is there any help available for me?
Answer: I am sorry to hear about your situation. Medical debt can accumulate quickly and become overwhelming real fast. You may want to consider the services offered by debt settlement firms. Rather than making monthly payments to your creditors, these programs negotiate lump sum settlements with your creditors, frequently reducing your debts by 50% to 60% of your principal balances. These programs usually take only 2-3 years to complete, so this is a good option for many people to rid themselves of debt in a relatively speedy manner. In many cases they can also reduce your monthly payment toward your debt. There is one major drawback to debt settlement programs, though?they will significantly damage your credit while in the
program and for at least a year or two afterwards. However, if you are currently unable to afford to pay your creditors, the hit to your credit may be worth the benefit of ridding yourself of credit card debt.
If you want a free consultation, Bill is friends with a good debt settlement company called Freedom Debt Relief. The counselors at Freedom Debt Relief will work with you to understand your situation and will advise you on your best course of action. You can give them a call directly at 1-800-544-7211 or you can visit www.freedomdebtrelief.com.
In case it turns out that even a debt settlement program is not affordable to you, then bankruptcy might be the only other option to consider. I encourage you
If you want a free consultation, Bill is friends with a good debt settlement company called Freedom Debt Relief. The counselors at Freedom Debt Relief will work with you to understand your situation and will advise you on your best course of action. You can give them a call directly at 1-800-544-7211 or you can visit www.freedomdebtrelief.com.
In case it turns out that even a debt settlement program is not affordable to you, then bankruptcy might be the only other option to consider. I encourage you
to speak with a bankruptcy attorney if you think that bankruptcy may be a possible solution to your debt problems. You should be able to find an attorney in your area willing to provide you with a free consultation. Speaking with an attorney will allow you to fully understand the bankruptcy process, providing you with the information needed to make an informed decision in regard to bankruptcy and the other debt relief options available to you. I also encourage you to visit the Bills.com bankruptcy information page .
I encourage you to explore the Bills.com website, to read more about these and other options available to you.
I hope this information helps you Find. Learn. Save.
Good Luck,
Bill
www.bills.com
I encourage you to explore the Bills.com website, to read more about these and other options available to you.
I hope this information helps you Find. Learn. Save.
Good Luck,
Bill
www.bills.com
Also, make sure to get a free financial health check-up with Bills IQ!
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1. Posted by Tim on Wednesday 1st April 2009 08:28
Back in December I was in a hospital for four days and had no surgery.They told me my pancreas was getting bad and was charged around $18,000 for their services.I have no job and no insurance,AND NOW THEY ARE GOING TO TAKE ME TO COURT.Is there anything I can do to stop them.Thanks Tim
2. Posted by Bill on Wednesday 1st April 2009 15:59
Tim, you will have to present your case in court and see what the Judge says. If you used the services of the hospital, then you are liable for their charges. Read more about medical bill collections at: http://www.bills.com/blog/medical-bills-in-collection/