Going to the emergency room or having an unexpected illness can be expensive. And just like any other bill, you need to pay your medical bills.
Doctors and hospitals usually do not report debts to credit reporting agencies, but that doesn’t mean if you have unpaid medical bills that you’re off the hook. Why? Because typically what happens is that they will turn over your bill to a collection agency that will report your medical debt. And that will negatively impact your credit score.
If you have medical debt, what if you could be proactive so that you don’t get turned over to a collection agency and your credit score doesn’t take a hit? Steps you can take include:
- Talk to your medical provider about lower prices. This is particularly helpful if you don’t have health insurance.
- Set up a payment plan with the billing office, especially if you know that you have a big bill coming up.
The time is now to proactively build and improve your credit score so that you can make what if you could a reality.
And if you’re a landlord, RentReporters can help you, too, make what if you could a reality, like finding and keeping the best tenants. With our new partnership with TransUnion SmartMove, you can easily access comprehensive information on your applicants’ backgrounds to help you make that critical decision about who to rent to and who to decline.
For more information on RentReporters, visit here.