Kingcade Garcia NewsWednesday - 16. October 2013HomeAboutHeadlinesCh. 7 bankruptcy,  Kingcade Garcia,  Timothy Kingcade,  consumer bankruptcyThe Devastating Effect Medical Bills can have on your Credit Score And what you can do about itMore on page 106Foreclosure defense,  Kingcade Garcia,  Timothy Kingcade,  foreclosureThe Housing Market Expected to Spark Economic Growth in 2013More on page 104Foreclosure defense,  Kingcade Garcia,  Timothy Kingcade,  foreclosureIs the Mortgage Tax Break in Danger?More on page 102SearchSearchArchives:March 2013January 2013December 2012November 2012October 2012September 2012August 2012July 2012June 2012May 2012Categories:Ch. 7 bankruptcyconsumer bankruptcyforeclosureForeclosure defenseKingcade GarciaPress ReleasesTimothy KingcadeUncategorizedMeta:Log inValid XHTMLEntries RSSComments RSSThe Devastating Effect Medical Bills can have on your Credit Score And what you can do about itPosted in:  Ch. 7 bankruptcy,  Kingcade Garcia,  Timothy Kingcade,  consumer bankruptcy  |   Comments (0)One thing that can be the most devastating to your credit score is an unpaid medical bill. Many Americans find themselves with a low credit score due to unpaid medical debt. Commonwealth fund estimated that nearly 30 million Americans were contacted by collection agencies for unpaid medical bills during 2010. In many cases, they did not know about the debt until it already damaged their credit score. A combination of sky-high bills, insurance processing delays and billing mistakes are often to blame for credit-harming medical bills. Unfortunately, many patients believe that medical bills cannot harm their credit score, when in reality even unpaid $15 co-pays can cause your credit score to plummet.See below four medical bill myths that can wind up hurting your finances and your credit score:1.As long as I am making payments on a medical bill, it cannot be sent to collections.2.I have to be notified before a medical bill is turned over to a collection agency.3.Medical collection accounts are treated differently than other types of collection accounts when credit scores are calculated.Another unfortunate fact about medical debt is that most of those who are contacted by collection agencies do not fully understand their rights regarding the debt. If you are contacted by a collection agency you have (1) the right to receive written confirmation of the debt and (2) the right to dispute the debt.Under the Fair Credit Reporting Act, you also have the right to dispute inaccurate information on your credit report. Congress is currently considering the Medical Debt Responsibility Act, which will help out those who are struggling with medical debt. The proposed legislation would require medical bills to be removed from credit reports 45 days after they are paid as long as the original amount does not exceed $2,500.Click here to read more on the negative effects medical bills can have on your credit score.If you are in a financial crisis and are co