i heard that medical bills could not be included and doesnt affect your credit rating. Is that true???? I pay my credit cards, mortgage and car on time every month, but I have alot of medical bills and I pay a little each month on all the medical bil. they still send it to collections because I dont pay the full amounts and I owe alot. Is that going to mess up credit rating? Is there anythign that I can do to fix this ??? Please help.
2006-10-19 15:53:32 · 11 answers · asked by livingadream 4 in Business & Finance ➔ Credit
they go on your credit history...i've had that same problem...i am trying to figure out how to fix it though because it was a workers' comp. claim...it got lost and never filed so when the company recieved the bill they wouldn't pay so now it looks bad on MY credit...there has to be some way to fix that....but in answer to your question...if they file it to a creditor...yes it does go on your credit...you should call the number on the bills and talk to them and let them know that you have to pay a little along...if you dont let them know to set up a payment plan sort of thing...their computers still say you aren't paying and it automatically goes into the pile that gets sent into a creditor...i asked...
2006-10-20 02:28:56 · answer #1 · answered by Krys 2 · 0⤊ 0⤋
yes, unfortunately they do. The best thing to do in this situation is to look over all your bill and really look at where your money is going to. Do not miss any payments and make more than min due. It takes a long time to repair excellent credit and a short amount of time to damage it.
anything that is 30 days or more lowers your credit score. Try to increase your medical bills to a least $20-$40 more per month you will see a difference. Good luck.
The best thing about medical bills is they do not occur interest.
2006-10-19 16:00:51 · answer #2 · answered by victoria M 2 · 0⤊ 0⤋
Everything goes on the credit report. If you owe medical bills they will be on there. Hospital and Doctors are mercyless and will send anybody to collections if they think you are not paying enough. It will mess up your credit just like any other debt. Another thing they like to do (at least in my state) if it takes too long for them they may try to get a wage garnishment through the court.
And don't listen to people that tell you because you are making payments to the collection agency it will not affect your credit. It does, and it will stay on there for a long time.
2006-10-19 16:22:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, they can go on your credit, but if you are paying something each month then they shouldn't be able to turn you over to collections. All you are required to pay is a minimum of $5 a month. Have you called them and set up a payment plan? The best thing that I can offer (from experience) is to contact them and tell them that you would like to set up a payment plan. If they have sent you to collections, contact the collection agency and set up a payment plan with them. As long as you are paying it will not effect your credit. Hope that helps. Good Luck.
2006-10-19 16:04:07 · answer #4 · answered by spacegrl_viv 2 · 0⤊ 0⤋
Non-payment of medical bills do go on your credit history.
However, many states are now banning the use of medical non-payments in certain kinds of underwriting.
Like if you were applying for an insurance policy, an insurer would not be able to use your low credit score to charge you more if the low credit score was because of unpaid medical bills.
More and more states will be adopting this consumer friendly change to the credit scoring models.
There may also soon be legislation to ban the use of medical non payments in all credit scoring.
2006-10-19 17:43:41 · answer #5 · answered by markmywordz 5 · 0⤊ 0⤋
Yes they can send you to collections and yes it does affect your credit. Call and make arrangements with the collections agency and pay on time and this will show good faith. Then if you are paying on time it will show your rating on your credit report. Even if you owe a lot you might ask them to consolidate the bills into one payment.
2006-10-19 16:01:56 · answer #6 · answered by daisygirl 3 · 0⤊ 0⤋
Medical bills do go on your credit report. They affect your score just like any other collection. The companies are not allowed to send you to collection's if you are making payments. I would call and try to work out a pmnt plan with them.
2006-10-19 16:46:51 · answer #7 · answered by karrie r 2 · 0⤊ 0⤋
Your medical bills do not go on your credit report. As for them sending it to collections as long as you pay even $1 per month they can not do anything. If they refuse payment make sure you get that in writing because by law that bill will be considered paid.
2006-10-19 16:03:19 · answer #8 · answered by miamac49616 4 · 0⤊ 1⤋
Yes they do. My brother just got turned down for a mortage loan because of medical bills. I would really try and pay them a little more each month and try to pay them off.
2006-10-19 16:04:42 · answer #9 · answered by rightorwrong 2 · 0⤊ 0⤋
YES THEY GO ON YOUR CREDIT HISTORY.
2006-10-19 15:55:28 · answer #10 · answered by tinkerbell 6 · 0⤊ 0⤋