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Is it true that in the US that medical bills don't impact your credit if you are making payments -- even $1/month? If so, I don't quite understand why people wo
by intopieces 7y ago
Is it true that in the US that medical bills don't impact your credit if you are making payments -- even $1/month? If so, I don't quite understand why people would go bankrupt from medical bills. Am I misunderstanding somehow?
- dallbee 7y agoMy experience has been that the hospital sets up the monthly payment amount (sometimes with varying plan options). You can't partially pay, and the payment amount is a simple ($total / plan term). Paying $1 isn't really an option. The last medical bill my family had was something like $3500 and the longest term the hospital offered was 6 months, at $580/mo. I'm sure they're not all the same, but I could certainly see an unexpected $580/mo being able to cripple a family living paycheck to paycheck.