Bad Credit? - Repair it here yourself!

There're many reasons you may want help for bad credit. We're here to help you understand what affects credit, what makes credit bad, how and what entities define your credit, guide you through the credit definitions, financial concepts, common misconceptions and provide you with information and tools that will help to solve your credit problems. Get help for bad credit now! To achieve this, we provide you with Free Access to a wealth of credit related content, forms, tools and calculators. We show you how to improve your bad credit step by step, reestablish your ability to borrow monies, how and where obtain loans, credit cards, mortgages and other financing. Repair Credit now!

Statute of limitations on medical debts

Thu Nov 6, 2008 02:11PM | By Tony

See more in Debt Relief | Permalink | Email | Comments (0)

Medical debts are classified as closed-ended credit contracts with a definite pay off time limit. Unless you have a separate agreement with your provider, medical debts are usually payable at the time services are rendered or, in some cases within 30 days. In every state save Arkansas and Rhode Island, medical debt falls under statute of limitations Written Contract category. In Arkansas however, medical debts statute is 2 years from the date services were provided or from the date of the most recent partial payment for the services, whichever is later. Rhode Island specifically sets 1 year statute on hospital liens. Make sure if a hospital lien includes attending physician services?

Medical debts and bills fall under the Fair Debt Collection Practices Act because medical debt is a debt by definition.
The debt is a consumer's obligation to pay money arising out of a transaction in which the money, property, insurance, or services are primarily for personal, family, or household purposes, including overdue obligations such as medical bills that were originally payable in full within a certain time period. And paying medical bills is your, the consumer's obligation, not that of insurance company. You doctor or hospital are not required to bill your insurance company. You are responsible for all your medical debts, and must ensure that your insurance company is billed in a timely manner and correctly. So it is very important to follow up to verify if the medical debt is fully satisfied.

Post a comment

Name:

Email:

URL:

Remember personal info?

Comments:

Please enter the code as seen in the image above to post your comment: