With the high costs involved in seeking medical care, it may take little more than one sudden and unexpected trip to the hospital for an individual in Oregon to become encumbered with debt. Those who experience such emergencies may feel they are left with few options, and some may turn to a credit card for relief. However, paying medical bills with a credit card might not be the best solution, and seeking guidance on the other options available could be advisable.
Upon receiving a bill for medical care, attempting to figure out how to cover the full amount can be a harrowing process. However, paying the entire bill in one payment might not be necessary, and a person could consider attempting to negotiate a payment plan. In some cases, those who are struggling financially may also be eligible for financial aid, and there might be programs or organizations that can provide assistance to those in need.
By communicating with the necessary parties, a person may also be able to negotiate a reduction in payments. While using a credit card to pay for treatment might not be advisable, other lines of credit could prove to be a viable option at times. For instance, the interest rates on a personal loan may be significantly lower than those on other credit accounts.
With the stress of one’s medical bills looming overhead, exploring every available option could be essential to preventing a financial disaster. Those who are experiencing such concerns could speak with an attorney for guidance on addressing the issues and hand and forming a strategy on how to proceed. A bankruptcy attorney can assist a client in Oregon in pursuing relief from debts through the necessary channels and provide guidance on how to protect against similar concerns in the future.
Source: wisebread.com, “5 Alternatives to Charging Your Medical Bills“, Kat Tretina, Accessed on April 30, 2018