2007-02-26 20:43:03 · 11 answers · asked by Keli D 2 in Business & Finance ➔ Credit
yes
2007-02-26 20:47:39 · answer #1 · answered by firetdriver_99 5 · 0⤊ 0⤋
Yes. The doctors usually have a collection agency they will turn the account over to. Some lenders claim to ignore unpaid doctor bills when they qualify a potential new homebuyer, but it's likely a higher interest rate they'll be paying.
The other reason you want to pay is because your future employer may want to see your credit report before hiring you. Whenever you sign a credit agreement or any financial application, you are giving your word that you will pay the bill.
2007-02-26 20:49:02 · answer #2 · answered by Venita Peyton 6 · 0⤊ 0⤋
Yes. The doctors will turn the unpaid bill over to a collection agency and they will specify the delinquency as 30, 60 or 90 days late and is in the hands of a collection agency.
2007-02-27 00:01:15 · answer #3 · answered by don n 6 · 0⤊ 0⤋
It all depends on if the Dr. turns it over to a collection company or not. If they do? Then the collection company will come after you and report it to the credit bureaus. Worst case, they get a judgment and garnish your wages. I look at credit all day long and medical bills is the second largest collection item I see after credit cards. And do not believe people that tell you lenders do not take medical collections seriously, they may approve you but it will be at a higher rate of interest.
2007-02-27 02:09:13 · answer #4 · answered by ? 7 · 0⤊ 0⤋
Only if they are reporting to the credit bureau or if they've turned you over to collections.
Many doctors do not report to the credit bureaus b/c there's a monthly charge involved. It's not economical for them to do that.
If you are being contacted by a collection agency regarding your doctor's bills, then it's too late. It'll be on your report.
2007-02-27 07:30:26 · answer #5 · answered by YSIC 7 · 0⤊ 0⤋
It depends on if it is reported to the credit bureau.
If the doctor sends it to a collection agency it most likely will be reported.
2007-02-26 20:54:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes they do. It can be a bad cycle. They may report you, then the collection agency may report you, then a legal firm ,if they get involved. I would pay it off as soon as possible.
2007-02-27 07:46:49 · answer #7 · answered by ZX7RR 1 · 0⤊ 0⤋
yes, medical bills are the #2 credit bruiser behind credit cards.
Pay your medical bills.
2007-02-26 20:48:10 · answer #8 · answered by Jon H 5 · 0⤊ 0⤋
If it's reported to the credit bureay then yes, it will affect your credit score.
Visit http://www.cheap-credit-cards.org for more info on credit repair
2007-02-27 00:02:41 · answer #9 · answered by Anonymous · 0⤊ 0⤋
paying your expenses on time isn't stable to your credit, to construct credit you prefer to pay in installments, consequently credit card agencies get interest which then builds up your interest, so pay it off in installments and on a similar time as this incident will value you extra, it is going to maximum possibly boast your credit
2016-10-02 01:45:12 · answer #10 · answered by dyett 4 · 0⤊ 0⤋
As long as you pay $5 a week, it can't be used against you. Only, because it shows that you are trying to pay.
2007-02-26 21:53:36 · answer #11 · answered by Anonymous · 0⤊ 0⤋