You haven’t selected any specifications, therefore all solutions get displayed.
Please select all specifications which apply to you to get more accurate results.
Avoid payday loans
Payday loan lenders are, basically, legalised loan sharks. They will give you a short term loan in a matter of minutes, but in return charge you an astronomical interest rate, far higher than anything you have ever encountered. We are talking about 200-300% interest. Sometimes even more.
Needless to say, due to high interest, once you get caught in this vicious circle of payday loans, it becomes almost impossible to get out of it.
When you get a bill from a hospital, inspect it carefully and dispute anything that you think is exaggerated or not performed at all. Lots of time hospitals charge for services or products you never actually received. Don't hesitate to ask about anything that looks suspicious.
If you owe to a non-profit hospital, find out if they have a charity program you could use to substantially lower your debt. Every non-profit hospital is required to have such programs. Talk to someone from your hospital who is in charge of charity programs to see if you are eligible.
Some doctors and hospitals have a non-negotiating policy, but most of them will be inclined to give you a discount, rather than risking not getting anything at all. Talk to whoever is in charge of your bill about your financial hardship and inability to pay your bill in full.
To make your negotiating position stronger, find out what is the actual cost of medical services and products. It is usually a much lower amount than what you are charged.
When talking to an agent from a collection agency, it's easy to get upset and say things that could hurt you later. When talking to an agent, remain calm and don't say anything that could compromise you. Keep conversations as brief as possible.
Even though it is illegal, some creditors won't hesitate to inflate your debt to increase their profit. When a collection agency sends you a debt, carefully examine it to see if it really is the amount you owe. If the amount is bigger than it should be, you have a right to dispute it and the collection agency handling your debt is required to obtain a proof that you owe as much as it says.
If you don't dispute your debt in a certain number of days (usually 30), it is assumed that the debt is valid.
Ask for a proof that you actually owe to a certain collection agency
There are many con artists out there who will pretend their collection agency obtained your debt and that you owe them a certain amount of money. Never ever pay anything to any collection agency until they prove you that they really are in a possession of your debt. Until they prove it, you are not obliged to pay them, regardless of what they say.
Employees of a collection agency that handles your debt will often be unpleasant and downright rude. Sometimes they will even make various threats in an effort to get you to pay. Stand your ground and don't let it get to you. Visit www.ftc.gov to learn about what is legal and what isn't when dealing with collection agencies.
If they break the law in any way, report them immediately.