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| *Loan,banking and credit>>>medical insurance |
I have a huge medical bill and no insurance. Can I really just pay like $10 a month? |
Someone told me you can just pay what you can "afford." Well, if I can only "afford" $5 or $10 a month, will I get all my assets seized or something? If your account has not gone to collections yet and you make some kind of payment each month, then generally they cannot take any action against you. Usually, interest is only charged to the account if it has gone to a collections agency. If your account is with a collections agency, you may want to contact them and work out some kind of payment plan. You don't have to worry about your assets being seized unless you're not paying the bill at all. Then what will happen is that the health care provider will sell the account to a collections agency, who will charge interest to the account (and will probably harass you all the while). If you still don't pay, then they will report it to a credit bureau and eventually, they may sue you. If they win, that's when they can seize your assets (i.e. put liens on your property, garnish your wages, etc.). The only exception is if you owe the government (for example, the state health department) and you don't pay them at all. They can garnish your wages or tax returns with no question. Source(s): Worked in customer service for a health insurance company's claims department and helped people out with this problem every day. I suppose you'll pass that payment to your children because it won't be paid by the time you die. You should call the place and make a payment plan. They will be happy to recieve something over nothing. Will if you pay 5 or 10 dollars a month than ur gonna get a bigger bill because of interest.So you should pay at 100 dollars a month. Yes you can, I would contact who you owe first, and see if you can come to some sort of an agreement or payment plan. They want you to make a minimum payment every month, but if you can't they will just tack on interest and late fees making it worse and increasing your debt. good luck. Lol. No your assets won't get seized. The worst thing that will happen is that the bill will get sent to collections and you'll get phone calls and bills in the mail. But really any payment you send is better than none at all. I've never heard of any payment plans but I've never asked either. Don't worry you're not going to be homeless and carless because you can't pay a medical bill in full. Never heard of that every happening to anybody, ever. Not in the U.S. anyway. And there is no interest or late fees....you're not paying back a credit card, your amount will be the same. Some people don't know what they're talking about. |
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