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Started By
Message
re: Medical Debt Should Not Ever Be Used to Harm Credit Worthiness
Posted on 5/9/24 at 7:47 am to Timeoday
Posted on 5/9/24 at 7:47 am to Timeoday
I’ve made this argument many times before.
Don’t wipe it out, but keep it off the credit reports.
The problem with medical debt is it can become massive quick and getting it properly paid can be a nightmare. Ever fight with a few insurance companies saying someone else is responsible? shite goes on for months.
That in the interim that gets thrown on your credit report, and your credit score.
Which leads to it harder for you to pay the debt Because it’s wrecking your financial life like a snowball rolling downhill.
Don’t wipe it out, but keep it off the credit reports.
The problem with medical debt is it can become massive quick and getting it properly paid can be a nightmare. Ever fight with a few insurance companies saying someone else is responsible? shite goes on for months.
That in the interim that gets thrown on your credit report, and your credit score.
Which leads to it harder for you to pay the debt Because it’s wrecking your financial life like a snowball rolling downhill.
2
Posted on 5/9/24 at 7:48 am to Meauxjeaux
It should also be noted, I think a bill a year or two ago banded small bills going on your credit report.
Off the top of my head I’m thinking if the bill is $500 or less, it cannot be reported to the bureaus.
Off the top of my head I’m thinking if the bill is $500 or less, it cannot be reported to the bureaus.
Posted on 5/9/24 at 1:08 pm to Meauxjeaux
quote:
That in the interim that gets thrown on your credit report, and your credit score.
Only an issue if you don’t make arrangements to pay literally anything toward the debt.
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