Did You Know… Outstanding Medical Bills Can Hurt Your Credit Score?

A trip to the emergency room or unexpected illness can be expensive, and medical bills, just like all your other bills, need to be paid. Did you know that if you’re late or don’t pay, then your medical bill can turn into a collection account? And that can hurt your credit score.

So, first, if you can, pay your bill on time. If you can’t afford to, then there are a couple steps you can take, so that your bill doesn’t go to collections:

  • 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.

Your outstanding medical bills aren’t going to just go away. So, be proactive and take action to protect your credit score

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