Loan to cover hospital bills
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I have $4K hospital bills from when I was 19 and haven’t paid on them in a while. They went to collection 2 years ago. Is there a way that I can get a personal loan to pay them off and start rebuilding my credit?
Not really
No one is going to give you a personal loan with 4K in collection. Your only chance is to negotiate a settlement with the collection company.A pay-for-delete agreement is your best option, but for that you’ll need to come up with the entire 4K, which I presume you can’t. So instead try to negotiate something like 10%-20% in a lump sum, but you can expect the account to remain on your report.
A collection account markd as PAID with a $0 balance looks much better for potential creditors.
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