Medical Debt Impacts Your Credit Score - McCarthy Law PLC
July 5, 2012

Medical Debt Impacts Your Credit Score

Considering the U.S. Supreme Court handed down their decision finding that the Obamacare Plan is constitutional, it only seems fitting that today’s blog addresses medical debts. Specifically, how medical debts can affect your credit score.

While most of our blogs concentrate on credit card debt, it is important to know that medical bills and liens should be treated with the same seriousness as given to credit card debt matters. Medical bills, and the non-payment of those debts, will affect your credit score much in the same way as non-payment of credit card debt. This is because non-payment of medical bills gets reported to the credit reporting agencies, usually by the debt collector hired by the medical service provider. If you find yourself laden with medical bills, you should speak with a debt settlement attorney to help settle those debts, especially before they go to collections. According to this article, getting collections removed from your credit report is difficult. Whether that is 100% accurate or not, it is always better practice to deal with the debt before it gets sent to collections, and then ultimately an attorney who is going to file a lawsuit against you on that debt.

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