I HAVE ALL BAD CREDIT AND NO GOOD!

Understanding Credit (Cick here for free booklet pdf download)

I really think credit and how it affects you the rest of your life should be taught in Jr. High or even Grade School. I know I certainly needed to know it.

 But it is never to late to learn so may as well keep reading. First and formost I see are medical collections and most people tend to blow off medical bills as they have heard they do not hurt you or it is almost impossible to collect. Humm cant say but I can say they are on your credit and do have a negative effect.

So if you must go to the Doctor or emergency room, be honest and let them know and ask for a payment plan. You may be surprised as I was, I needed an emergency appendectimy and told the hospital I had no health insurance and they proptly shipped me to another, I had the surgery and the bill was about 3500.oo just to the Dr.  Well upon my follow up to him, I reminded him I had no insurance and to my surprise and his no one told him… Well he walked me out to his bookeeper and to my surprise had her drop the bill down to medicare cost… I dont recall the exact number but it was under $600.00 … big difference and he gave me a payment plan. In most states if you pay a small monthly payment you will usually not go to a collection agency. So be honest and upfront and establish a payment program and stick to it.

Now for those old ones you have, this is a thought and I in no way give advise but It never hurts to maybe contact that Dr. and see if they will take a reduced amount or set up a payment plan, explain you made a mistake and you are trying to get your credit report cleaned up and were hoping he/she would work with you… Most probably will and this usally works better than approaching the credit collection who is trying to collect… in most cases …not all …. as some may have bought your old account.. Never hurts to try…

I set this blog up for my old and new clients alike… and it is for informational purposes only and each and every person should use there own judgment and or contact your attorney or accountant for specific instructions… I merely have my thoughts and words here for others to read…

As always  email me at mortgageanswers@ezmtg4u.net or visit my website www.ezmtg4u.net

Best of luck to you…

Bill Corley