Settlements for Medical Bills
Kristin asks Dave if hospitals will take settlements for medical bills.
ANSWER: Most past-due bills will take a settlement and medical bills will usually take a settlement for pennies on the dollar since they’ve gotten most of their money from the insurance companies. Go to them with the $1,000 you still owe them, tell them you’ve got $250, and they’ll most likely take it. Just make sure you get the settlement agreement in writing.