should i let hospital bill go to collections

Should I Let Medical Debt Go to Collections? The Trade-offs Most Answers Get Wrong

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Should I Let Medical Debt Go To Collections

Deliberately allowing a medical bill to go to collections is a real financial strategy based on how debt buyers operate, not necessarily a moral failure. The primary costs of this strategy are a potential 50 to 100-point credit score drop (for debts over $500) and the risk of facing a lawsuit if the balance is … Read more

Can Medical Debt Go to Collections? Yes – Here’s Exactly When and How

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Can Medical Debt Go To Collections

Yes, medical debt can go to collections, and it is entirely legal for healthcare providers to assign or sell your unpaid bills to third-party agencies. It rarely happens immediately. Most hospitals and clinics follow a 60 to 120-day billing cycle before sending an account to a collector. If you were treated at a nonprofit hospital, … Read more