We all get sick. It is enviable. And getting sick can result in hospital medical bills. The average medical bill is about $200 and sometimes they are reported to collection agencies. Unpaid or late payments can result is as much as 100 points off your credit rating. How much does your insurance cover? What is your co-payment? Does the hospital accept payments? It is better to find out first before the bill becomes due. Most likely they will accept small monthly payments. The typical hospital bill is a small amount, and it is not only those who are uninsured who are in collections.
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How To Prevent Small Medical Bills From Destroying Your Credit Score