Medical debt
- Your credit can be harmed if debt goes to collections
- Collections agencies typically report if not paid within six months
Now, your medical debt and credit won’t be reported for a year. Paid credit will also be dropped from your credit report. This will help boost credit scores.
If you have medical debt:
- Act before your bill goes to collections
- Work directly with your provider
- Payment plans are typically better than using a credit card
Notice to Consumer of Right to Cancel
MEMBER’S CHOICE ® Credit Life and Credit Disability Insurance are voluntary and not required in order to obtain a loan. If coverage is elected, you have the right to cancel the coverage at any time by contacting your credit union.