Contributed by Rachel Johnson
Anyone who has ever had a major health issue or procedure knows how the medical bills just keep piling up, but did you ever consider debt consolidation to help you out? Most people think they have to go broke paying large sums of money to the hospitals, independent doctors, labs, and pharmacies. But, you don't! You can easily consolidate all of that debt into one very affordable monthly payment!
It doesn't matter how good your medical insurance is, when you are in an accident, or you become chronically ill, you'll have a large sum of money to pay for all of your treatment. With health care expenses through the roof, it's likely you won't be able to pay the bill in a manner that is timely enough for the hospital! And, you'll have several bills from all the different doctors that treated you, and it's easy to forget about one, or just not have enough money to pay all of them.
Even worse, when you try to be honest with the bill collectors that you'll have to split the bills up into monthly payments, they apply a ridiculous interest rate to the balance due! Doesn't seem fair, does it? You were trying to be honest, and they slapped you with an interest rate! Debt consolidation! It will probably cut the interest rate in half, and debt consolidation will also allow you to slowly pay all the bills off with one affordable monthly payment.
Don't be ashamed of your medical debts! You wouldn't believe how many people have incredible amounts of medical debt and don't do anything with it. At least you are making attempts at paying the bills, and saving your credit.