BILL'S ANSWER
Thanks for your question. The quick answer to how to resolve those medical bills is that you can probably explore debt settlement, but should also consider bankruptcy (medical debt is a primary driver of bankruptcy in the USA) and getting a consolidation loan.
Very quickly, if you want a free debt consultation with one of Bill's approved debt help partners, click here: Debt Relief Savings Quote
There are several options available to assist consumers struggling with unsecured debts such as credit cards and medical bills. The most common are debt consolidation, consumer credit counseling, and debt settlement. Bills.com offers a wealth of information about various debt relief options, available on the debt help section of our website.
Typically, credit counseling is for larger more established creditors, so it will likely not be the best course of action for you. If you own a home and can get a mortgage refinance loan, then that might be your best strategy.
If, however, you have bad credit or do not have equity to pull out of your home, you can consider a debt settlement program.
If you are looking for the least expensive method to resolve your debts, I recommend that you consider a debt settlement program. 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 visit https://www.bills.com/debthelp/debt/ and enter your contact information, we can have a pre-screened debt settlement firm contact you to discuss the debt relief options available to you.
I wish you the best of luck in resolving your medical bills, and hope that the information I have provided helps you Find. Learn. Save.
Best,
Bill
www.Bills.com/
July 08, 2010
July 08, 2010
September 21, 2009
September 18, 2009
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