That depends on the statute of limitations in your state. In some states yes, in some states no. On the other hand, the statute of limitations does not stop anyone from being allowed to try and collect on an account. It simply means that they don't have any legal basis to collect, that is, they can not take you to court to obtain a judgment agaonst you. In addition, be aware that this is a hospital you are talking about. If you need to use them in the future, and they feel that you owe them money, what kind of standard of care do you think you will receive?
In Idaho, there are no statue of limitations on having to pay hospital bills directly from a hospital. However, there is a 7 year statute of limitations in Idaho for hospital bills bought by a factoring or collection company.
As a debt collector, I would say, "wouldn't you want to pay your bills?" However, a debt that is 7 years old is generally out of its legal statues, so they could not sue you to collect, nor would it be legal for them to make threats of suing you. If they make that mistake, the could end up having to pay you!
The usual standard for debts to disappear from your credit report is 7 years. The trick is to make sure you never make a promise to pay or say you'll pay because that starts your 7 years all over again.
Yes. And it stays on 7 years from the date of payment.
After around 5 to 7 years of service the pay could be up to 100,000 dollars a year
7 years
It is estimated that during one's lifetime they will be admitted to a hospital every 17 years and be seen in an emergency room every 3 years
Try asking your parents if they will give you money for cleaning or asking people you know if they'll pay you to wash their cars.
You are no longer obligated to pay the debt - at this point the hospital has certainly written off the debt - If you had insurance and they failed to bill them - you are in this case not obligated as well - the provider has about 18 months to submit the bill to the correct insurance - if they fail to do so- You are not obligated to pay the bill
Derogatory information on a credit report normally stays with the record appx. 7 years..The longer you wait to pay, the longer it sticks with you.Remember..7 years is from the last activity.
First, check to see if there will be a penalty for paying off the mortgage early. Then, visit your bank and ask them to figure out how much extra you would need to add to your payment each month in order to pay the debt in 7 years. Make certain you keep a good record of your payments attached to each monthly payment.
pay the bill and then make sure it is noted on the report as paid. It wll then fully disappear in about 7 years.