Can the hospital force me to take out a loan to pay my wife's medical bills?
Full Question:
My wife just had emergency surgery. She does not have medical insurance. The bill is around $20,000. I plan on sending in a monthly payment until I get it paid off, but the hospital says that I have to take a loan to pay it off if it's not paid off in 4 months. This means I would have to spend a lot on interest. Now, I can't just magically make that much money appear in the next 4 months. My question is can they make me take a loan to pay it off?
04/02/2007 |
Category: Debts and Credit |
State: Arkansas |
#2504
Answer:
The payment terms are subject to the terms and policies of the hospital and state law. A person cannot be forced to enter a loan contract against their will, however, if the creditor is unwilling to agree to a payment plan, the collection measures may force the debtor to choose to obtain a loan rather than deal with the alternatives.
