ULPT I have $6,000 in medic debt and $4500 in credit card debt with a 550 credit score and I want to get a house with my wife soon.
Posted by ShitsFuckedDude@reddit | UnethicalLifeProTips | View on Reddit | 17 comments
I need this off my credit score. The medical debt is the biggest problem. Are there any loopholes (like asking for proof etc…) that I can do to get these taken off? I had to get rabis shots and it cost me my $3000 deductible and an additional $3000 out of pocket (which I didn’t even know existed) and I can’t pay it. I’m paying $910 for rent and $310 for car insurance (I’m a young male in Maryland with one accident on my record.) on top of utilities and everything else, I can’t afford a payment plan but i also can’t save enough to pay it off all at once. Basically I’m screwed as far as credit goes and I need a way out. Are there any way to dispute this (asking for info they can’t provide or anything else) and get out of it so I can put this behind me and get a house with my wife? I’m considering bankruptcy at this point but that would also take years before I could Get approved for anything. Thanks for any advice!
For those wondering, the credit card debt was cause by me going into car sales with a sleazy company (who I told during the interview process I would do that shit) firing me because I wouldn’t lie to customers.
ChefJunior4337@reddit
Medical debit was taken off credit reports due to Mr. Biden. They shouldn’t be on credit reports. Idc, I never pay medical bills. Mr. Biden made it law that they don’t report on credit. Research further into it.
ragularity@reddit
Better make sure they won't be garnished from your paychecks.
ChefJunior4337@reddit
They’re not, baby boy.
ShitsFuckedDude@reddit (OP)
This has been paused and the debt was before this and it never came off
yumstheman@reddit
If you negotiate directly with the hospital and tell them you’re unable to pay, they’ll likely reduce the owed amount or drop it altogether, depending on if they think it’s worth chasing you down. If you suggest a nominal amount you can pay, they’ll often accept that and then just write the rest off as a loss, which they then get to subtract from their own tax obligations.
ShitsFuckedDude@reddit (OP)
Does this also work if it’s been sent to collections?
offlinesir@reddit
Talk to the hospital that gave you the medical debts. Say that you have no way to pay back all the debt, and that you would be able to send a percentage of the debt. Ex, say that you can only pay back 40%. Hospitals can often write off debt if it's never sent to them, and the chance of the hospital even getting some money might mean that they just take your offer. Also, ask for an itemized bill.
This probably won't work for a Bank. That's different. You'll just have to pay that off, maybe ask for a low interest rate payment plan?
But seriously though, don't file for bankruptcy over about $10000 in debt. That's not enough money for your credit score to be ruined for 7 years.
CardStark@reddit
Dispute it. HIPPA makes it very difficult for medical debt to be confirmed so it should fall off your report.
Verified_source_@reddit
This right here, I have never payed a medical bill and I do not pay for health insurance, it’s a trillion dollar industry because people willingly pay outrages prices for simple services. Medical debt does not go against your credit and if a collection agency tried to collect it would be even easier to tell them that it wasn’t you and to buzz off
A-little-bit-of-me@reddit
If this is your situation. Don’t buy a house. Seriously, when owning a home there’s way more shit to pay for than just the mortgage and property tax. It’s also way more difficult to get out of a mortgage than a lease.
paleta_chela@reddit
Yep. This. Also highly recommend using the NYT Buy Vs Rent Calculator
Guilty_Menu5241@reddit
That calculator is awesome. I'm pretty poor and a lot of people told me not to buy but apparently I'm saving 56m over my lifetime.
Panic_Azimuth@reddit
This was my first thought. If $10k in debt is burying OP, how do they imagine owning a house is going to go?
Geilokowski@reddit
You might be able to just ignore it and wait for your credit score to recover. Better idea would be a payment plan (why can you not afford that?).
But just for a quick second, how realistic is that house in the near future anyways? I don’t know what your wife makes (maybe she could also help with the medical bills?), but if you are struggling to afford a 10k$ bill using a payment plan while having costs of 1k$ / month. It might not sounds great, but as it stands, you won’t buy a house anytime soon.
GoauldofWar@reddit
The unethical way is ignore them, let them go to collections, ignore them and wait seven years for it to fall off your credit.
brokesciencenerd@reddit
I did this. They tried to serve me papers so they could get a judgement before the statute of limitations expired but I'm too slippery lol. In my state a sheriff has to physically serve you the papers. Some states they can just put a notice in the paper so do your homework.
SoapyCheese42@reddit
What's medic debt?