Help Paying Medical Bills – From Ask Bill

Question: Is there a special program that offers help paying medical bills? My husband and I have approx. $13,000.00 in medical bills and they are all just about to garnish our checks. The only one out of the bills that is not medical related is his back Child Support. Please help!!!

Answer: Thank you for visiting Bills.com. Here is an answer to your debt question.

There are many forms of debt relief, including: i) debt consolidation loans, ii) credit counseling, iii) debt negotiation, and iv) bankruptcy.

In your case, since your credit rating is already impaired, you should seek the solution that saves you the most money at the lowest cost with the lowest payment. For many people in your situation, negotiated debt settlement is the best solution. It gives you one payment, lower than your current payments (many times as much as 50% less) and typically programs

are set up to get you out of debt for significant savings in about three years (although not all companies or programs are the same).

You need to consider your specific situation, including if you own or rent your home, your monthly debt to income ratio, and your credit rating. A program like a debt consolidation loan may lower your monthly payment, get you a lower rate than most credit cards, and the interest is tax deductible.

Alternatively, a program like negotiated debt settlement may lower your monthly payment, get you debt free fast, save half of what you owe, but it could negatively impact your credit rating.

Bills.com makes it easy for you to apply, by following this link: https://www.bills.com/debthelp/debt/

These are a few of the considerations. If you would like more information, please visit our debt relief boot-camp at: http://www.bills.com/debt-relief-info-article/

Bill has answered all sorts of questions and has been able to provide those in need of financial guidance with helpful and valuable advice and information on their specific financial area of interest. If you need specific guidance on any of the above mentioned financial areas, feel free to Ask Bill your financial questions and get better informed.

Bills.com Site Map > Debt Help Index Pages > Debt Help Testimonials