Medical Bills and Credit

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ROSS



Joined: 03 Oct 2009
ROSS's page
Posts: 13



138 Magic Points

Subject: Medical Bills and Credit
 
Posted on Sat Oct 24, 2009 1:33 pm  



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debranewell2008



Joined: 10 Oct 2009
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Posts: 421



7253 Magic Points

 
Posted on Sat Oct 24, 2009 11:44 pm  

Hi Ross,

Yes a medical bill is just like any other debt you owe. If you don't pay it they turn it over to a collection agency and not paying it gets reported as a genitive item on your report for 7 years. So your score will take a hit because of this.
fireyone



Joined: 26 Feb 2008
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Posts: 4124



1011 Magic Points

 
Posted on Sun Oct 25, 2009 2:29 pm  

I use to have this misconception myself. This is definatly not true. I actually have a medical bill on my account I have been trying to resolve for almost a year. They really do count against your credit. Most medical places have to accept a payment as low as $10. This is showing effort that you are trying to pay and making good effort. Also with a=making a payment of at least that amount they are not allowed to report the debt as a bad one to your credit report. Hope this helped you out. I know how all those medical bills can add up quickly,even with coverage.
Justin

Justin

Joined: 17 Jul 2006
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Posts: 1093



25288 Magic Points

 
Posted on Mon Oct 26, 2009 5:36 am  

Hi Ross,

Yes, medical bills can affect your credit, if the medical providers report it to the credit bureaus, in case you miss payments. Hence, the best way to build a good credit history is to keep paying your bills on time. This implies to all your bills.
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Justin

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