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If you don't pay the bill, your provider might attempt to collect the debt by taking you to court. There are various options for medical providers when collecting on a debt. Your provider can send you ?collection notices.? They might report your debt to credit agencies. They might place a lien on your house.
Regardless of how the medical bills transpire, or if the consumer is even aware of the charge, if left unpaid, the bills may ultimately be sent to collections agencies.
DENVER, CO ? August 14, 2023 ? A groundbreaking consumer protection law took effect this month in Colorado. The law, House Bill 23-1126, protects consumers with medical debt from credit harm by prohibiting the inclusion of medical debt information on credit reports.
Colorado's new medical debt reporting law goes into effect as the major credit reporting agencies in April 2023 began removing medical debt at $500 or less from credit reports. Equifax said the change would remove nearly 70 percent of collection accounts from consumer credit reports.
If you don't pay your medical bill, your medical provider will try to collect on what you owe. If they can't collect on it after several months, they might sell your debt to a debt collector.
Report Medical Billing Concerns: 303-894-7490 / 800-930-3745.
More videos from. PUEBLO, Colo. (KRDO)-- Coloradans no longer need to worry about medical debt impacting their credit score. In the past, when someone could not afford a medical expense, the bill was sent to collections where that information was shared with consumer reporting agencies that generate credit scores.
DENVER, CO ? August 14, 2023 ? A groundbreaking consumer protection law took effect this month in Colorado. The law, House Bill 23-1126, protects consumers with medical debt from credit harm by prohibiting the inclusion of medical debt information on credit reports.