Consolidating medical bills
Review your medical bills carefully to check for any mistakes.
We believe in reducing your debt first before trying to consolidate it.
In summary, debt consolidation, when it matches your needs, can be a viable option for medical debt.
Always compare your interest rate with a bank loan, and if you are unable to obtain a loan work with a credit counselor or debt management company.
Taking out a loan is only advisable if the interest rate you can obtain on the loan is lower than your medical debt interest rate, it prevents your credit score from being degraded, and or of it prevents you from filing for bankruptcy.
A debt consolidation loan is not beneficial if it is at a higher interest rate than your current medical debt interest rate.