It would be nice is laws existed that wiped
away medical debt credit history.
Not exact matches
If you ever needed health care while uninsured, had a plan with a hefty deductible, or owe a hefty out - of - network balance bill you might ask the question, «does old
medical debt ever go
away?»
There is one sure way to make
medical debt disappear and stay
away.
You'll come
away with a clear plan to eliminate credit cards, student loans, car loans,
medical bills, mortgages, and any
debt you have.
I myself have about $ 48,000 in student loan
debt, and about $ 30,000 in collection fees, my loans was the Alaska state student loans, I get harassing calls all the time, I have my Alaska PFD garnished, they took
away my state pharmacy tech license so I could not work, they said if I brought my account up to par (several thousand dollars paid asap) I could get it re-instated with requests and appeals, they send me letters saying they are going to garnish my wages, seize bank accounts, and basically put me on the street, one of the representatives on the phone told me after I asked her what people do when they cant afford a $ 1500 monthly payment or more, she said «you need to get 2 - 3 jobs then now don't you» my credit is ruined, if I get a job I face garnishments and bank account seizures, I also have been in the process of filing for disability due to my
medical issues, and just simply cant pay the
debt, what can I do?
If you absolutely MUST come up with a large amount of cash quickly (for such things as
medical bills, a down payment on that great house deal, avoiding foreclosure, pay off gambling
debts or else your kneecaps get busted, etc.), then that cash is just a few mouse clicks
away when selling off dividend stocks.
Bankruptcy can wipe
away most common
debts such as credit cards,
medical bills and older taxes.
Many times, accident victims do not have enough saved
away to cover tens of thousands of dollars (or more) in
medical debt.
What these honest people do not realize is that most people interested in bankruptcy can keep their home and still walk
away from their credit card
debt, personal loans, re-possessed vehicle
debt, and
medical debts.
If one partner passes
away, the insurance policy will help cover the costs of the funeral and final
medical expenses to prevent the surviving spouse from accruing even more
debt.
But funeral expenses,
medical bills, taxes and
debts can quickly create a financial burden when a family provider is permanently disabled or passes
away unexpectedly.
The benefits of life insurance coverage are plentiful and guarantees that if you pass
away, the people that you appoint at beneficiaries will receive a death benefit in order to carry on your wishes such as cover outstanding
medical bills and other
debt, pay for burial and funeral services, create a college fund for your children and more.
And, while children don't typically have
debt when they pass
away, families will often have costs associated with
medical expenses, counseling and taking time
away from work to grieve.
If you can wait that long, then the
medical debt will go
away and your credit score should gradually improve.