Laid Off from Job

I got laid off from my job on Monday. I don’t have a new job yet. I have about $30,000 in total debt, and half of it is medical bills. My car will be paid off in September. My head still has not cleared from this. I have tried to make payment arrangements with the the creditors from the medical debt but the hospital will not budge and is threatening to turn me over to collections. The total debt is $10,000 and they are demanding $205.00 a month. There are 14 other medical bills besides that one. The other half is credit card debt and a loan.

What is the first thing that I should do?

Any help would be greatly appreciated.

First send a brick to your elected officials telling them medical coverage should be the number 1 issue to be resolved for everyone. Why a brick… because they have to see the brick, not crumble it and toss in the trash or delete an email. Elected officials are not doing the will of the people any longer so we need to let them know what is important to us.

Having a $10,000 + medical bill is an unexpected hardship on most everyone and trying to pay in 90 days is just not real. Also making a $200 month payment is not an option for most. I always suggest you send what you can. If the hospital refuses the payment then go to the hospital board. Create a big stink that you are not trying to get out of paying BUT trying to work out what you can afford. Also let them know you appreciate the care you received and highly recommend them!

Thanks for the helpful advice, I am looking that brick right now! My next step will be the hospital board, I didn’t know I had that option and sounds good. I told the hospital that I had every intention of paying, but I just couldn’t afford $205.00 a month and now with no job. The lady was like “that is just too bad.” I received the worst care in that hospital, spiking high fevers and needing medication with no nurse on duty at times because the the nursing shortage. I feel like a victim now just as I did then when I was in there, but I will be okay.

How to settle?

Dear Gurus,

I had 8k debt and a 16k car loan(I surrendered the car which was 7 month old) when my visa to reenter US was rejected 3 years ago due to insufficient documentation on part of my employer. I had a good credit rating till that point, but I couldn’t sustain my payments after my visa rejection. I had to return to my home country find a job and start life again.

I plan to apply and sure of getting visa this time. But, I don’t know what awaits me. I have no information on what happened after I was out of US on all my accounts. I’m scared of returning back, but cant keep myself awake everyday with all those feelings. I want to settle these accounts.Please advice if you can.

What country did you go back to? I don’t know all your personal circumstances, but is there a reason why you would prefer to be in the USA over your home country? Whether you are coming back to the USA on a visa or not, then it may be best, just for your peace of mind to find out what your debts are and start planning a real action based payment plan yourself. Having a debt, that no doubt accrues interest, is a life of turmoil to live no matter where on earth you are. Put it in this perspective… you built up the debt, now the only person who can get you out.. is YOU.

For a temporary amount of time, you will have to surrender to the debt and pay it off. Whether you start right away or next year, will only be the difference of interest accruing and your mental anguish over it. You will still have to deal with it, and once you do… half the personal battle you are going through will be over. Is it worth to be that worried about it, when you have every means to take control of it? No.

Do you still have past records of the statements on those debts?

Appreciate your response. I’m from sri lanka. Only reason i want to retry visa to US is to payoff my debt so that i have a clean record and comeback with pride to live good life back home. I couldn’t sustain my payments after visa rejection as my meagre salary i get here will not suffice. Standard of living in these two countries is very different. What do you think about getting online installment loans from or similar website?

I do have my credit card numbers and car account number. Though no statements or agreement letters available as I couldn’t return back US to collect any of my belongings.

Now can anyone suggest me if i should go for debt management or settlement?

Also, will there be any court proceedings or arrest warrant issued against me?

I will already be under high pressure to perform at my job as I’m not a native, if I have these court proceedings too… I’ll be in a mess.