Hopefully i can get answer here

[Anonymous]

Hey everyone! i have been working on these things for a while. but haven't got a right place to go.

there is no place for "personal loan" in this forum, so i tried my luck here.

i am in need of $8000 dollars for my grandma's medical bill.  i went to Credit Union firstly, but they turned down my application for not long enough credit history.

and i tried one main financial ,  they also turned me down for no debt on my credit file......

i am not US citizen, and i started to build my credit history after i graduated from school. so my situation is in my credit file, my credit history is 6 months, my credit score is 660 and i have 2 tradelines (both of them are secured credit card.  i used bank of america for 3 years, but they don't have personal loan offerred....)

do you guys have any suggestions for where i can get the loan ? any peer lending suggested?

thanks!

[john398]

Wait before you pay that much debt, have you thought about negotionating with the medical people to ensure that they have given you the best rates for services rendered, I know usually if a person has no insurance they are billed much higher rates however sometimes a patient advocate can get much lower rates more like insurance negotionated rates. Now I am no expert maybe someone else will chime in

[Anonymous]

I agree with the poster above you should be able to get this debt reduced.  A couple options I have seen:

If you pay the debt in full they will give you 10-20% discount

A lot of hospitals will let you pay it through national patient accounts which allows you to pay it for 5 years (It would be 133 month) (This sounds like collections but after 30 days the hospital gives them the bill and it doesn't show up as collections or anywhere on your report unless you don't pay them).  It's such a weird method the hospital would only accept 100 month but they said they could send the bill to this company who does payments for them and they did it over 5 years for 35/month.  Either way you should be able to pay someone interest free with no neg effect on credit for 1-5 years.

[Happychap]

I agree with the previous post. If this is a hospital medical bill don't get a loan and get into debt for something that can 1) be negotiated 2) set up a payment plan with the hospital, it will be interest free and you can pay as little or as more as you want.  Far better than getting a loan and paying interest and getting in debt.   Of course the hospital would love for you to get a loan, DONT DO IT!

[Anonymous]

If this hasn't been moved to collections call and ask to set up an appt with the business office and explain the situation. Most of them are very willing to work with you. Then when you meet with them ask them to change your account to a charitable/low income case. We had 3k from a hospital bill and it worked for us, we knocked it down to almost nothing! Good luck!

[Creditaddict]

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@Anonymous wrote:

Hey everyone! i have been working on these things for a while. but haven't got a right place to go.

there is no place for "personal loan" in this forum, so i tried my luck here.

i am in need of $8000 dollars for my grandma's medical bill.  i went to Credit Union firstly, but they turned down my application for not long enough credit history.

and i tried one main financial ,  they also turned me down for no debt on my credit file......

i am not US citizen, and i started to build my credit history after i graduated from school. so my situation is in my credit file, my credit history is 6 months, my credit score is 660 and i have 2 tradelines (both of them are secured credit card.  i used bank of america for 3 years, but they don't have personal loan offerred....)

do you guys have any suggestions for where i can get the loan ? any peer lending suggested?

thanks!

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If it's Grandma' medical bill and you are very young, why are you trying to pay it at all!

I mean I mean this best way but if she passes away unless she had money or had life insurance or something (paid off house?) the debt woul go away... Why would you make your life a struggle to pay this loan?

[Anonymous]

Well a very long response to your post didn't register or was deleted.

Either way; not the best idea. Find another option she can follow-through on.

[llecs]

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@Anonymous wrote:

Well a very long response to your post didn't register or was deleted.

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Sorry, that might have been me. I didn't delete it, but when I moved this thread from CCs to General Credit Topics, your post probably got lost in cyberspace somewhere.

[Anonymous]

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@llecs wrote:

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@Anonymous wrote:

Well a very long response to your post didn't register or was deleted.

---

Sorry, that might have been me. I didn't delete it, but when I moved this thread from CCs to General Credit Topics, your post probably got lost in cyberspace somewhere.

---

I was probably submitting as it got moved, LOL!

I'll try again.

OP, call the hospital and basically ask for something she can afford. Trust me, if it's a non-profit, they have people who do that sort of stuff just not in the billing office. If it's a for-profit, there's probably someone able to make it affordable for her as well.

P2P lending is expensive! Someone has to say it. You'd be asking for a very high risk loan.

It's not the debt, itself, that's bad. People buy stuff all the time they can't afford and credit repair sites would be pretty dead if that weren't true. The problem is: if the situation is chronic you'll never get out of the hole and it's her debt. Five or 10 years down the road you might want/need a mortgage, car, or something else and ruining credit now or having excessive debt will still be an issue.

If she's a citizen, apply for Medicare. They'll assign a caseworker and, if approved, cover bills within a certain time frame.

Another option is to do nothing. If her finances are that messed-up, what can they really take away or get a judgment on?

If things have already gone to collections, and you weren't foolish enough to sign anything accepting responsibility for the debt, she may also be able to use credit counseling services or something like that.

Sorry to say this but: Unless magic beans are going to fall out of the sky or your income is going to seriously increase, it doesn't make sense to take on that kind of debt.

[amkari]

If she's a citizen, apply for Medicare. They'll assign a caseworker and, if approved, cover bills within a certain time frame.

Depending on age, citizenship, permanent disability, etc she may also qualify for SSI or Social Security Retirement / Disability income.  Medicare will usually follow a determination of disability within 24 months if not sooner in some circumstances.  Steat this process with the Social Security Administration.  I think even non-citizens can draw a Social Security payment if there is enough work history and income in the US... I've had legal residents (no US citizenship) who were drawing a payment and therefore receiving Medicare and Medicaid.

Also, the hospital should have a facilitator that can help her apply for Medicaid (Medi-Cal in California).  Even for a non-citizen, there may be some assistance there if certain immigration and/or refugee statuses are met.  Since different states have different requirements I can't give you those (unless you're in Montana where I'm a public assistance caseworker).

Don't obligate yourself to paying Grandma's medical bills, I love my parents and grandparents deeply but even I wouldn't to that without completely exhausing ALL other avenues.