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Medical Debt Help
Use our medical debt experts to negotiate your medical debt to a fraction of what you owe.

Medical Debt Negotiation
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Knowing how to budget is key to ending unpaid medical bills and medical debt.

More Financial Medical Articles


How to Manage Medical Debt

Managing and having the knowledge in regards to medical debt can be difficult, especially if you are consumed by pressure and you think filing for bankruptcy is the only route to salvation. Bankruptcy is the worst possible outcome. There are some questions below that can help you identify what your options are, as well as some strategies in order to guide you in the right direction. Additionally, we suggest that you utilize the other articles we have, in order to obtain the best understanding of managing your medical debt.

Some Questions You Should Ask YourSelf....

Are You Consistent With Payments?

One of the most important things to remember when trying to manage medical debt is to be proactive. If you have a payment plan already arranged, ensure you are consistent with your payments. Missing payments can cause interest to accrue faster, which can ultimately damage your credit. Even if you are in significant medical debt, making small timely payments will help you overall.

Can You Make A Payment Even if It Is Small?

If you are currently in a situation where you have mounting medical debt that you cannot afford to pay, one suggestion is to construct a payment plan before you seek the assistance of other companies for aid. Even if you cannot afford to make the suggested minimum payment, you can often negotiate medical debt payment schedule that will coincide with your budget; many organizations like ours do this negotiation on your behalf, particularly if you are not comfortable discussing this topic with the doctor’s or the hospital’s financial division. It is our job to assist you in your time of need.  We are experts at negotiating lower payments and may even be able to reduce your total debt amount.

Can You Not Make A Payment At All?

If you are hopelessly buried in medical debt, there is assistance you can pursue that will not damage your credit or worsen your situation. If you cannot make payments, there are many non-profit organizations that will help with medical bills. One plan is to contact local charities and organizations, or search the internet in order to find larger organizations that assist in the need of others during financial strife (see our links section). You should keep in mind, however, that these organizations will only help people who are truly in need, therefore,  if you can afford to make small payments you should utilize our medical debt relief service to obtain options and begin the construction of a payment plan. Of note, Medicaid is funded by the federal and state government, which can also assist with the coverage of medical bills one may have accrued during a hospital stay or during a long illness. If you do not have Medicaid, you should consider applying for this coverage; you can check with your state’s regulations to see if you meet the qualifications. Medicaid coverage is based on your income, so if you do not make more than a specific amount, you may be eligible for financial assistance.