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If the hospital sold the debt to a collector then the hospital no longer owns it. You should be paying whoever the collector is that bought the debt. I'd try to get something in writing for whatever payment terms you can come to agreement on. Make sure it includes them reporting to the credit bureau that the debt is "paid in full". If they want to list it as something else (ie paid as agreed) make sure you understand what it means for your score. Also, remember in your negotiations that they paid pennies on the dollar to take over your debt and if it has been resold more than once the amount paid continues to decrease. You should be able to pay far less than the listed amount.

Of course all this is predicated on you not being outside the statute of limitations. If the statute of limitations has expired don't even acknowledge the debt if they call you. As soon as you do they will try to claim it restarts the clock.
Thank you.

I have five hospital bills in collections. Three of them with one collection bureau. When I tried to work with them in 2013, they wanted $65 per month per bill. I told them I could do $25 per month (I was already in the hole every month as it was). They refused. So, we will see. :/
 

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If the hospital sold the debt to a collector then the hospital no longer owns it.
Some hospitals, like Piedmont, do not actually sell their debt. The collection agency is merely a paid attorney masquerading as an independent collector. More akin to a collections department.

If piedmont is involved, be warned that their billing and accounting practices bear no resemblance to professional bookkeeping. Credits/debits will appear and disappear without any indication that anything took place. If a bill/insurance payment changes, they do not make an adjustment entry, they simply go edit the original entry even if it is over a year old. And if they send one visit (of many) to "collections" it will simply vanish from your bill without explanation or notice.

I've been dealing with them for almost two years. My daughter has two unique accounts with the same SSN and guarantor (me). We've been paying regularly. When I inquired about not receiving a statement in months, I was told it went to collections last January. Apparently no one thought it odd that scheduled monthly payments were being made on a written off account, or thought to ask why an account with a payment plan and payments was being written off.

Also, you can have a dozen items on a payment plan, totaling tens of thousands, and spread out over years. But if you make a 13th visit for $25, it will NOT be added to your plan unless you call and explicitly ask to have our added. And you can be paying hundreds per month and they will send that one to collections.

And get EVERYTHING in writing. Because you will get a new person every single time you deal with them. And unless it is in writing, nothing they told you will be honored, even if you've been escalated to a billing "specialist".

Trust me, if I had to pick between Piedmont Healthcare and Comcast for worst customer service ever, if would be a very tough decision.
 

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It's Phoebe Putney in Albany. But they've been a train wreck so far, not even counting that their costs are 40% higher than the rest of the state's hospitals because they have a local monopoly and can charge whatever they want.
 

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It's Phoebe Putney in Albany. But they've been a train wreck so far, not even counting that their costs are 40% higher than the rest of the state's hospitals because they have a local monopoly and can charge whatever they want.
If you have insurance they charge the insurance rate - it's a contractual rate they have with your insurer. It should be the same regardless of where it is.
 

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Trip planned for March/April. Car rental involved. Just applied for a Credit card - have had no credit card since 2012, and have frozen credit. Member of credit union going on 40 years in May. Curious how it will fall out.
 

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My Name is Inigo Montoya
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So, i finally paid off one of my long standing credit card debts. I xfered 2 credit card balances to a 0% apr for 18 months chase card. Now that i have it paid off, I was planning on closing it cause the APR isnt that great and i already have a Citi Costco card which is pretty much my main card and has decent rewards. I have a Delta community CC which is a lower apr but i keep it as a backup and for overdraft protection as well. My question is i have a 800+ credit score, if i close the Chase card, how much of a hit will my credit score take?
 

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So, i finally paid off one of my long standing credit card debts. I xfered 2 credit card balances to a 0% apr for 18 months chase card. Now that i have it paid off, I was planning on closing it cause the APR isnt that great and i already have a Citi Costco card which is pretty much my main card and has decent rewards. I have a Delta community CC which is a lower apr but i keep it as a backup and for overdraft protection as well. My question is i have a 800+ credit score, if i close the Chase card, how much of a hit will my credit score take?
If a high credit score is your goal, and there is no annual fee, just leave it open.
 

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My Name is Inigo Montoya
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How long has the card been open and how long have your other cards been open?

10 to 20 points is my guess
the card has been open for about 15 months...
 

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Might think about alternating cards. Use one card in even numbered months, the other in odd. Pay each one off every month. A year or so you might get to that 850 number.

Nemo
 

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Necropost with an update.

CC debt paid in full before any APR was added. I stayed in my 0% APR window.

Received a significant raise at work. Money won't be any concern and I can make respectable payments on my car. I'm also putting back into my savings.

My rent went from being 1/3 of my income to now being 1/6 (post raise). Monthly budget only consumes half of my monthly income.

Changed contributions to a Roth instead of a standard 401k. Also increased contributions.

Opened up a sizable life insurance policy on myself while I'm young to lock in the rates.

Everything has went well in the past year. Credit is about to break 800
 

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Necropost with an update.

Everything has went well in the past year. Credit is about to break 800
Do yourself a favor. Have dogs and beans for dinner once a week. Keep memories alive.

And congrats.

Nemo
 

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Necropost with an update.

CC debt paid in full before any APR was added. I stayed in my 0% APR window.

Received a significant raise at work. Money won't be any concern and I can make respectable payments on my car. I'm also putting back into my savings.

My rent went from being 1/3 of my income to now being 1/6 (post raise). Monthly budget only consumes half of my monthly income.

Changed contributions to a Roth instead of a standard 401k. Also increased contributions.

Opened up a sizable life insurance policy on myself while I'm young to lock in the rates.

Everything has went well in the past year. Credit is about to break 800
Glad to hear it! Keep it up!
 

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Necropost with an update.

CC debt paid in full before any APR was added. I stayed in my 0% APR window.

Received a significant raise at work. Money won't be any concern and I can make respectable payments on my car. I'm also putting back into my savings.

My rent went from being 1/3 of my income to now being 1/6 (post raise). Monthly budget only consumes half of my monthly income.

Changed contributions to a Roth instead of a standard 401k. Also increased contributions.

Opened up a sizable life insurance policy on myself while I'm young to lock in the rates.

Everything has went well in the past year. Credit is about to break 800
No need for this thread to die. Does this -- "Monthly budget only consumes half of my monthly income" -- mean you are saving 50% of your monthly income?
 

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No need for this thread to die. Does this -- "Monthly budget only consumes half of my monthly income" -- mean you are saving 50% of your monthly income?
Correct. Actually, today I decided to modify my budget and included a minimum of 25% of my monthly income to be forwarded into savings.

The remaining 25% is the maximum I can spend if I want something, and anything left of that is also forwarded to my savings.

I've never had a "want" section or a "fun money" in my budget. It was always necessities only.

I don't exactly spend much so that won't be an issue. But there are a few things I've been waiting to buy that I want to with that 25% (ie GCO life membership). Also this will tie into paying on the principal of my car. I want to put that remaining 25% towards paying off the rest of my car. That'll be another bill gone and I'll be completely debt free.
 

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I'm kind of a big deal
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I haven't updated anything here in quite a while. I'm glad to see so many of you killing it and getting control of your finances.

The last time I posted anything about our debt etc. was almost 3 years ago. In that time, we have both changed jobs several times (me more than her). My wife got laid off in March of this year and was out of work until the middle of July. We were both out of work for about a month and a half, although I had a job lined up, just didn't start right away after leaving my previous job. That was just a little stressful. :???:

All that said, we've gone backwards and actually increased our credit card debt quite a bit. Our savings took a hit too but we still have some, so there's that. We did refi the house though and get the rate and payment down so that was a positive. We did a 20 year too so we haven't added any time to our mortgage. (We were on a 30 year and have been in the house for about 10 years.)

It's frustrating as hell because going backwards sucks but here we are. Mostly, because a good bit of it was completely unnecessary and the job changes are just an excuse. We got used to a particular lifestyle when we were making more money and we didn't adjust it when our incomes went down. Stupid. Now we'll pay our "stupid tax" plus interest.

We are both in good jobs now so we have two good sized shovels to dig out of the hole with. Time to get to work cleaning up another mess. This is the last time I'm doing this.



Somewhat off topic....
All of this while my father in law is dying of cancer*. He was diagnosed in February of last year, they did radiation on his brain tumors and were able to get them all in a few treatments, then he did a few months of chemo but had to stop that. Next they put him on Opdivo for several months (if you aren't familiar, it's an imunotherapy drug and pretty amazing). That was working well but he was wasting away (he's about 6 feet tall and was down to about 105 lbs) and after some time the cancer stopped responding to it so, with no other good options, he entered home hospice care about 3 1/2 months ago. He's tough old man so who knows how long he has. My wife is an only child and very close with her father (her mother too, but you know how Daddy's little girls are :) ) so this has been particularly hard on her. It's part of the reason we've gone backwards, between helping them out financially and my inability (or unwillingness) to say no to anything for a while the credit card debt piled back up. :shakehead:


*non small cell lung cancer that had metastasized by the time he was diagnosed (it had spread to his brain, liver, etc. etc.)
 

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Thought I would come back for an update. I now have zero debt of any kind, two paid for vehicles, paid for camper, and an 806 FICO score.

Not bad for a guy who had exactly $2.52 just ten years ago when I first joined GPDO.
 

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Thats what you get for being smart and reasonable while living within your means.

Nemo
 
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