Dealing with medical debt can be stressful. Not only will you need to deal with the effects of your medical condition, you’ll also have to contend with creditors attempting to collect on outstanding debt. Fortunately, you do have options when it comes to paying down medical debt to a more reasonable level. The first step may be to request a payment plan from the creditor. 

Instead of providing one lump sum, you can break down payment over a pre-specified term. This will help you keep on top of payments and prevent the debt from going into collections, which may harm your credit score. If your creditors are unwilling to enter into a payment agreement, you may need to direct your efforts toward a medical advocate. A medical advocate will review your bill to make sure all of the payments are valid. If there are possible discrepancies, the advocate will take the proper steps to have the problem rectified. 

You may also be able to cite financial hardship as a reason why you can’t pay back your debt. This entails presenting your current income, cost of living expenses, and medical bills to establish that you’re unable to make payments without risking significant financial instability. Your creditor may be willing to reduce the total amount you owe or offer low minimum monthly payment to stay on track. There are also other options at your disposal. 

A personal loan is a good option, provided it offers a low-interest rate. That way you can pay off your debt and make affordable payments to your lender. If you currently have good credit, you may also be able to receive a 0% interest credit card, which can be used solely for paying offer medical debt.