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04-14-2009, 08:39 PM
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Member
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Join Date: Feb 2009
18 posts, read 11,707 times
Reputation: 16
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Medical Bills ?
How badly do medical bills effect your credit ? If we were to ever want to buy another home ?
Thanks
Cristina
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04-14-2009, 08:41 PM
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Senior Member
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Join Date: Feb 2009
Location: Lakeland, FL
324 posts, read 160,886 times
Reputation: 92
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I once heard medical bills don't show up on your credit report... not sure how true that is though.
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04-14-2009, 08:45 PM
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That's Asheville with an 'e'
Status:
"Power corrupts, but it makes revenge easy."
(set 3 days ago)
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Join Date: Apr 2007
Location: Economic Wasteland of Dumbya's follies
5,738 posts, read 2,905,860 times
Reputation: 2409
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Medical bills go to collections after 60 - 90 days, and yes it shows on your credit report.
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04-14-2009, 08:51 PM
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Member
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Join Date: Feb 2009
18 posts, read 11,707 times
Reputation: 16
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I understand they show up on my credit report but I am wondering how much does it hurt your credit. Does it hurt like not paying credit cards and such?
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04-14-2009, 08:54 PM
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That's Asheville with an 'e'
Status:
"Power corrupts, but it makes revenge easy."
(set 3 days ago)
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Join Date: Apr 2007
Location: Economic Wasteland of Dumbya's follies
5,738 posts, read 2,905,860 times
Reputation: 2409
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Quote:
Originally Posted by Cristina35
I understand they show up on my credit report but I am wondering how much does it hurt your credit. Does it hurt like not paying credit cards and such?
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Medical bills dinged my daughters bad enough that I have to co-sign for a vehicle loan, and she has paid all of them off except the hospital, which she is still making regular payments on. |
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04-14-2009, 09:54 PM
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Member
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Join Date: Apr 2009
26 posts, read 17,496 times
Reputation: 28
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Any unpaid bill reported to the credit reporting agencies have the same effect as an unpaid credit card bill.
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04-15-2009, 09:07 PM
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Uber Wolf
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Join Date: Sep 2008
Location: Some place very cold
5,507 posts, read 3,132,255 times
Reputation: 2972
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The biggest reason for most bankruptcies is medical bills.
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04-15-2009, 10:28 PM
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Senior Member
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Join Date: Mar 2008
513 posts, read 217,235 times
Reputation: 209
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Medical bills will go to collection if unpaid and the collection will go into your credit report and will stay there for 7 years. Collection is a derogatory info that will continue dinging your credit score long after you pay if off. Once you pay it off it will say on the report that it's paid off, but will still show for 7 years. it can lower your score by as much as 100 points, at least that's what it did for me. My skyrocketed once it fell off.
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04-16-2009, 11:06 AM
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Iconoclastic Terrorist
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Join Date: Mar 2007
Location: In the woods next to the ocean
3,026 posts, read 2,148,383 times
Reputation: 2886
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Medical, or any other bills, have no negative effect on your credit as long as you pay what you owe.
If you are a deadbeat, regardless of who or what you don't pay, your credit report will reflect it.
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04-16-2009, 11:27 AM
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Senior Member
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Join Date: Jun 2008
5,066 posts, read 1,698,385 times
Reputation: 1717
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Quote:
Originally Posted by Cristina35
How badly do medical bills effect your credit ? If we were to ever want to buy another home ?
Thanks
Cristina
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This was years ago but a friend of mine had to clear up an old medical bill before his home loan would be approved... And yes it was on his credit report. |
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