FMOOD 0076: Eliminate Medical Debt with a Simple Phone Call - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.
from 2017-03-02T07:00
Are you currently experiencing a true financial hardship yet have a significant amount of medical debt? You may be able to pick up the phone and pay a percentage of the debt and have it considered as paid in full. Please be advised that this is not a foolproof method; some medical providers simply won't participate. However, there are a large number of medical providers who will accept a percentage of the debt as payment in full when someone is experiencing financial hardship.
Before you make the call, you'll want to make sure to have your ducks in a row first. Know the percentage that you can afford to pay in full when you make the call, and be prepared for the medical provider to negotiate a higher percentage if your offer is too low. Also, you'll want to get the agreement in writing. This can be in the form of an e-mail along with an e-mail receipt if the debt is settled immediately, or it can be mailed out to you if the debt settlement is scheduled for a later date.
I will say this once again: this process should only be considered by you if you are truly having a financial hardship and cannot pay your medical debt. Hopefully, the medical provider will allow for this and will be willing to work with you in order to have this debt settled and considered as paid in full.
To stay up-to-date on show updates and bonus content, follow me on Twitter @fmoodpodcast or on Facebook at http://facebook.com/followmeoutofdebt.
Further episodes of Follow Me out of Debt | Get out of debt and get into prosperity!
Further podcasts by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.