The highly expensive health care plans have ensured that a lot of people face problems in paying their medical and health care bills. This is a problem that affects a large percentage of our population. The rising expenses of health care systems have forced many individuals into a deep financial mess. They do not know the options that they have in dealing with this crisis. In this article, you will learn about some of the ways that you can deal with this problem.

Unpaid bills and your financial strain

There are provisions by which the medical collection accounts may get featured on your credit reports from a period of about seven years from the time that you actually got delinquent with your medical bills. This is similar to other types of defaults on any general loan accounts. It is important that you should try and pay your debt as quickly as you can and settle it. Because it will go on to create problems in the long run.

There are also a lot of new changes which are yet to be applied and are lying pending with regards to the system of credit reporting. These changes are all mostly related to the different ways by which the collections of unpaid medical bills and such accounts would be handled in the near future. As time goes on, the new and latest medical collections will all get reported to the companies which do the national credit reporting, and it will be held with them for a period of 180 days or six months after which they will get added to the credit reports if they are still left unpaid. Such a procedure will be more efficient, and it also goes onto assure that these are legitimate collection accounts and that they are not a result of any form of billing errors or any types of delay in the payment of the insurance amounts.

The latest systems of scoring that are in place today will not be including any form of unpaid medical bill collections in their calculations anymore. However, unpaid medical debts will still get included in your report, but it will not go on to affect the way in which your credit score is evaluated. However, it is crucial that you should repay these bills within six months from the time when they first become due.

Taking a new loan

One of the most commonly overlooked factors in all of this is that you will not be accruing any interest on the unpaid medical bills that you have with the hospitals and doctors. Although this will affect your credit score, you will not be required to pay any interest on the amounts. However, a lot of people are forced to borrow money to repay their medical debts, and it is on this newly borrowed loan that the interest is applied and this also goes on to further create financial problems for the individual. Thus, you must take a loan to repay your medical bill only when you have no other option left.

Options that some people are forced to select

For a lot of people, filing for bankruptcy is one of the last available options to help themselves come out of their debts. With medical debts, bankruptcy is also a viable option. Courts will settle such debts differently and can even favor you in certain instances.

One of the ways that a lot of people try to solve their debts on medical bills and health care is through taking another mortgage for their homes. This solution may go on to consolidate their medical bills for some time. However, such a plan will be mostly limited, and it will not be a lasting answer to the issue of unpaid medical bills. Asides from that your medical debts will also go on to become a home mortgage loan.

Debt Consolidation Loan

One of the most effective methods that you can use for repaying your unpaid medical bills is by taking a debt consolidation loan. A debt consolidation loan is essentially a new loan which you take to repay all your previous unpaid loans, and this can include medical bills too. All your previous loans will get consolidated into a single loan amount which you will have to repay to a single agency instead of going to different creditors to repay different loan amounts. This agency will be the institution that offers you the debt consolidation loan, and they will, on their part, settle the debts you owed with your individual and different creditors. The rate of interest which a debt consolidation loan will levy on you will also be quite lower than what you had been paying to the individual creditors previously. Thus, it is this factor that makes taking a debt consolidation loan such an attractive option for many people who are suffering from financial burdens and unpaid medical bills and such debts.

If you are trying to find out the different methods by which you will be able to use debt settlement and debt relief methods to help repay your unpaid medical debts then it is important that you should visit and seek guidance and advice from the most efficient and successful debt settlement and debt management financial experts in the industry.


The collection of unpaid medical bills is something that affects a vast majority of the population in this day and age. Unpaid medical bills can go on to create a lot of problems in the financial lives of individuals, and it can affect your credit scores and also lead you to file for bankruptcy. Thus, it is crucial that you should have a very good health insurance policy and health cover to help in paying for your medical expenses. You can avail of debt relief and debt management services like debt consolidation loans also to help repay these medical debts as soon as you can. Hopefully, the information mentioned in this article will have helped you.