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Medical Debt Consolidation
Healthcare costs in America have been on the rise for years, and the trend persists. Many Americans have had trouble paying their medical bills. As of 2016, the average American will spend $10,345 on medical care. That translates into $3.35 trillion, nationally. If your health insurance doesn’t cover all your expenses, your out-of-pocket costs could be substantial. When an ambulance ride or a stay in the hospital could mean thousands of dollars in medical bills, it makes sense that more and more people are looking for an answer to their medical debt problems.
CreditGUARD of America, Inc. is an independent, nonprofit credit counseling agency committed to providing proven solutions for all kinds debt problems including medical debt. CreditGUARD provides credit counseling and medical debt management along with free financial education to consumers throughout the United States, using state-of-the-art technology and superior customer service.
Understanding Medical Debt Consolidation
Whether you have $2,000 or more than $50,000 in medical bills, CreditGUARD can help you get out of debt without taking on any new debt. CreditGUARD’s debt consolidation program is not a debt consolidation loan. Debt consolidation loans are risky and don’t always help you achieve your goals because they do nothing to improve your financial spending habits. Because of this, you run the risk of maxing out your credit cards again, thereby adding your new loan’s payments to the already heavy credit card payments and medical bills that landed you in debt in the first place.
Our Program Is A Safe Way Out Of Debt
When you enroll in our medical debt consolidation program, your certified credit counselor will contact all your creditors and negotiate with them on your behalf. If possible, they’ll bring your accounts current, reduce or eliminate your interest and discontinue penalty fees. This can lower your monthly payments by up to 50 percent.
In addition to this, your certified counselor will also provide you with free financial counseling so you can learn to save money and make long-term changes to your spending habits. During your over-the-phone counseling session, you will provide your counselor with information regarding the debts you owe, your household income and your monthly expenses so they can offer you informed and supportive counseling. After getting an idea of your financial situation, the counselor will provide options that match your resources, lifestyle, and goals.
What to Expect from Nonprofit Medical Debt Consolidation
Here are just a few of the benefits you’ll receive from our nonprofit medical debt consolidation program:
- Professional financial education and money management help from trained experts
- No late fees
- No legal complications
- Lowered monthly payments
- Mental and physical relief from your unsecured debt
Improving Your Credit
A nonprofit medical debt consolidation plan can help you better manage your credit score because you’ll be making regular, on-time payments. With the right plan, most customers can pay off their debt within three to five years, as opposed to nearly 30 years.
How Nonprofit Debt Consolidation Works
Consolidation takes all your unsecured debts and rolls them up into a single, more affordable monthly payment, making the management and payment of all your various unsecured debts far more convenient.
Unsecured Debt Vs Secured Debt
What do we mean by unsecured debt? Any debt not attached to an asset is unsecured, whereas debt attached to an asset is known as secured. Here are a few examples:
- Credit cards
- Medical bills
- Personal loans
- Car loans
What Happens When You Call?
When you call, a certified credit counselor will calculate your various secured and unsecured debts and work with you to help create a personalized budget you can live with. Since the key to becoming debt-free begins with stopping the cycle that creates debt, we’ll help you learn what it means to live a life that disrupts that process.
What to Have When You Call
Curious whether our online credit counseling service is right for you? Call us for a consultation! Our certified credit counselors will take a look at your finances to see how they can help you save.
Before calling in, make sure you have:
- Your most recent monthly credit card statement(s)
- Your monthly household income
- A list of your various monthly bills and obligations
Stop Surviving. Start Living.
If you’re ready to start living a debt free life and would like to learn more about our debt consolidation program, contact us online by filling out the form above, or call CreditGuard of America at 1-800-500-6489 for more information on our nonprofit credit counseling and debt counseling agency.
Certified Credit Counselors are available Monday - Thursday 8:00 am - 10:00 pm Eastern, Friday 8:00 am - 9:00 pm Eastern, Saturday 10:00 am - 6:00 pm Eastern.