how does making small payments on hosp bills effect credit?

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how does making small payments on hosp bills effect credit?

my child has been hospitalized for 7 mos the bills are HUGE

2007-03-13 05:55:05 · 3 answers · asked by the man called X 2 in Business & Finance ➔ Personal Finance

3 answers

It will ensure that a collection will not reflect on your credit report. Keep making the payments so a collection account is not reflected. Hope your child gets well soon, so sorry.

2007-03-13 06:04:19 · answer #1 · answered by leslie 6 · 0⤊ 0⤋

For your credit report, a small payment every billing cycle is much better than no payment or erratic payments.

2007-03-13 13:52:12 · answer #2 · answered by xxx 4 · 0⤊ 0⤋

As long as you are making some kind of payments...no matter how small. There is nothing negative it can do for your credit

2007-03-13 12:59:42 · answer #3 · answered by Anita G 5 · 0⤊ 0⤋