How can I pay off medical debt with a small amount of money?
Date: Fri, 07/26/2013 17:19
I was ill for various months. I was admitted in Lakewood Regional Medical Center for several months. I have to pay around 18 bills with only $100. This is the amount that is left in my checking account. I don't happen to waste money. I am working every day. My wife is on Social Security Income. I can't afford to pay the medical bills. What can happen if I don't pay the medical bills? How can I change the situation?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.