Medical debt is one of the leading causes for bankruptcy in America. With or without healthcare, this debt piles up quickly. A safe direct cash advance lender loan would help with a doctor visit or two but if you are dealing with doctor, lab and hospital bills, your credit cards would not be able to keep up either. Because medical procedures are needs that must be met, it is important to try to figure out a way to keep from becoming insolvent with the bills.
Bankruptcy is a huge decision. It may help take care of large numbers of debt right now, but it will cripple your credit opportunities for the next decade. If your medical bills only continue to accumulate, you won’t be able to file again for quite a while. It is best to make a plan to handle paying medical debt.
A direct cash advance lender can help a small money emergency
When doctor visits first begin, many people opt to use credit cards to pay for office visits. Depending on the credit worthiness of the patient, this option may only last so long. The use of cash advance direct loans would only cover a small portion of the debt. The small loans will help to obtain a prescription or fund a visit but will not help fund multiple visits. It doesn’t make sense to use third party debt when the medical treatment is long-term. For some folks anything more than a yearly physical would be more than their finances can handle. The interest charges on credit cards and short-term loans will only increase the final medical cost.
Talk to the billing department for your doctor, the lab and your insurance. Would it be more cost effective for you to visit your doctor as a cash patient and save the insurance for long-term or emergency visits? Do you know how much your yearly deductible is? Besides the co-pay, how much of the visit will you be responsible for until that yearly deductible is met? What does your insurance company have to offer for advice? Is there a way you can work out a payment plan for the amount owed? What about the doctor’s billing office? What kind of payment plan can be arranged through that office? It never hurts to ask. It is always important to be respectful to the person on the phone. You won’t find many people willing to help you if you are bitter and disrespectful. If you don’t get the answer you want from the first representative you speak to, feel free to ask to speak to someone higher up. In fact, you could ask your doctor about the best way to handle your debt. He or she may be able to help you figure something out or at least drop a name for someone who could.
Don’t let medical debt drive your credit worthiness into the ground. Multiple fast direct cash advance loans will not help you cover high-priced medical bills. If it is a medical emergency use whatever you have to make it work. Check out all your options before you cripple your finances any further.
