I was speaking with my brother in-law regarding my credit repair project posted on here a couple of days ago and the good advice I was receiving and he told me he has a recent credit issue and asked me based on the advice I've received what I thought. I told him I had no clue but I'd be happy to post on here and see of I could get him some advice.
He has a medical bill (hospital) of about $4,000 that just went to collections last week. He had no communication with the hospital regarding the bill during their attempt to collect and received a letter from a CA this past week that they were attempting to collect the debt. He confirmed the debt is no longer with the hospital as he called them about it and they said there was nothing they could do as it had been turned over to collections.
He has no way of paying this amount so what are his options? Reading on this forum it doesn't look like debt collectors really like to go on payment plans so is his only option to tell the collection agency he cannot pay and let them take him to court? Based on some information I read somewhere (may have been here) I told him not to call the collection agency, only communicate in writing and to wait until I post her to see if we can get him some advice.
Does he have any options with this being such a recent debt and not having hit his credit report yet (letter states it will hit 30 days from the letter was dated 5/7/2012)? He's asked me if I could loan him the money but I really want to avoid doing that, however, going through my own clean-up right now part of me wants to help him so he's not having to clean-up like I am down the road. Options?
Thanks in advance!