You should
always be cautious about the errors a medical bill may have.
If you are not careful enough and overlook it than you might get yourself into an unwanted and unpleasant situations
which can last up to several months. It would become increasingly confusing as
to the actual amount you need to pay as well as the lack of insurers process. If
you spend too much time sorting out this situation you might end up damaging
the credit scores, so this situation should be avoided (more info at Credit Score Ranger - Understand Your Credit Score Scale)
When the
medical service providers and hospitals make a choice of using a collection
agency in order to collect their money on their behalf, they have no hindrance
from reporting to reporting bureaus of credit reporting about the delay.
According to the experts the power of whether to report the debt or not depends
on the service provider at the end.
Every
customer is entitled to a period of 30 days during which he has the right to
challenge the debt, if he chooses to do so then collected would have to delay
the collection of that debt until it is verified.In case the debt is invalid
the customers should expunge it from the credit card they own. Although it is a
great option like all other ways to resolve errors this won't be easy either.
This way not initially intended for the protection of customers with problems
in their medical bills but it became a source of comfort to the users. Although
it allows collection agencies to pose harm to the credit reports as a result of
the problems in medical area.
The possibility
of wiping medical debt has also been discussed from credit reports in the
period of 45 days from when the payment has been done. There have been various
opinions on this, the supporters of the bill say that it will help people with
the damaged score of their credit.Whereas, the opponents claim that this bill
would eliminate the possibility of being able to differentiate between the
people who are prompt on their payments from those who have problems paying
them on time. It will collect everyone in the same category posing an unfair
position for those who keep their payments and finances in check and are prompt
on time.
If you have
damaged scores of credit as a result of medical bills than have you done
anything to fix them, do you contenton the new proposed legislation. It is smarter
to keep in sync with the medical bills you incur so that you make prompt
payments avoid getting your credit score damaged. It will also keep you more
content. A good looking credit score opens a lot more doors or opportunities
than you would have foreseen.
