Medical Bills and the Fair Debt Collection Practices Act
Dealing with Medical Debt
A study by the Federal Reserve Board found that nearly half of all collection actions appearing on consumer credit reports are for collection of unpaid medical bills. So if you are in the position of having unpaid medical bills you are not alone. This is a problem for many people.
Dealing with a debt collector can be scary and stressful. Debt collectors have an arsenal of techniques to drive you crazy such as harassing calls, threats, and use of obscene language
Debt collectors also try to get you to pay by exposing your secret by contacting your employer, family or neighbors.
1 comment - What do you think?
Posted by Madelaine -
February 15, 2012 at 9:05 pm
Categories: Debt Management, Finance Tags: credit rating, credit report, debt collection, medical debt
What Are the Pros and Cons of a Debt Reduction Plan
Debt Reduction Counseling and Credit Rating
Debt reduction is something we may have to face at some time in our lives. Some people may have overspent and others may have had a period of unemployment or underemployment that caused them to over extend on their credit cards. Medical expenses have also caused people to incur more debt that they can handle.
If you are in the situation where you need to reduce debt here are the basic option available otherwise known as debt solutions. Debt solutions are process where we can pay off these debts completely instead of declaring bankruptcy which is harder to do than it used to be. There are usally two kinds of debt solutions. One is a debt settlement plan and the other is credit counseling programs.
2 comments - What do you think?
Posted by Madelaine -
January 30, 2012 at 11:51 pm
Categories: Credit Cards, Debt Management, Finance Tags: credit rating, credit report, debt help, debt settlement, IRS, negotiation, paid in full, pros and cons, reduce debt, Settlement Companies
Medical Bills and Credit Rating
Medical Bills and Collection Agencies
Everyone watches their credit rating and if you don’t pay a bill you are usually aware that you didn’t pay the bill but medical bills can go unpaid and you will not even know it. Your credit rating gets affected and you can spend a lot of time and money trying to figure out what happened. If you have health insurance you are not immune from this happening to you.
Let’s briefly go through the process of what happens with medical bills so you can learn how to prevent this from happening to you and damaging your credit rating.
Be the first to comment - What do you think?
Posted by Madelaine -
January 17, 2012 at 8:38 pm
Categories: Debt Management, Finance Tags: collection agency, credit rating, manage debt
