Tips To Reduce Your Medical Debt

Aug 5, 2021
Money Saving Tips

We all know what it's like to have a medical emergency. The last thing you want to worry about on top of that is how you are going to pay for your treatment. And yet, many people in America today are facing this agonizing dilemma. Medical debt is one of the most common causes of bankruptcy. Here are some ways to reduce medical debt before it becomes a more serious burden on your family's finances.


Ask for Discounts on Medical Bills

It doesn't hurt to ask if you can get a better deal on your medical debt. Healthcare providers have different payment arrangements with each insurance carrier. That means that you may qualify for a reduced fee if you are able to work out an agreement with the clinic or hospital for which you are being treated. For example, if your insurance company is not paying the clinic at the full rate, it may be able to negotiate additional discounts in order to avoid default on its payment obligations.


Even if you are not able to work out a payment arrangement, you may still qualify for a discount on your bills. If the doctor or healthcare provider is willing to be lenient for you, they might even waive any late fees or other penalties that they are required to charge. While you may not get the full amount of your bill, it can still give you an advantage when negotiating medical bills with creditors in the future.


Offer to Pay in Cash

If you don't have insurance coverage for your medical expenses, another option is to ask your doctor if he or she will accept payment in cash. In some cases, the providers may offer a discount on treatment if they can be paid at the time of service. That way, you avoid paying interest charges and late payments when your debts do not get settled on time. You can even set up a payment plan with the healthcare provider to help you pay off your debt.


Look for Any Billing Errors on Itemized Bills

Many medical providers may try to charge you more than the negotiated amount on a bill. If you notice that your doctor or hospital is charging you more than what is shown on the itemized summary or bill, it might be a mistake. This could mean that your bill was mixed up at the billing department. You still have time to let your provider know about these mistakes by contacting them immediately.


Don't Pay for Medical Bills on Your Credit Card

If you don't have the cash, it's not a good idea to use credit just to pay off medical bills. You are only making the problem worse by having to pay interest on top of your medical debt and additional fees that can arise from late payments. If you don't have the cash to pay your bill, get in touch with your provider and let them know that you need more time to make a payment.


Work With a Non-Profit Advocate

Non-profit advocate organizations may be available in your area. These organizations are made up of people who have dealt with medical debt in the past, and they give out free advice and tips for how you can reduce medical debt. It's worth looking into these non-profit organizations if you can find one near you.


Need Cash for Medical Debt? Consider A Car Title Loan

It's understandable that collection calls can be upsetting, especially since you already have enough on your mind when dealing with a medical emergency. By following some of these tips, you can reduce your medical debt and avoid getting these collection calls. 


If you need money in the short term, consider a car title loan from Rapid Auto Loans. With our easy and flexible loan repayment options and no credit checks, we can get you money when you need it the most. Get instant phone approval by calling 954-960-7097 today! Want added convenience? You can also apply for your car title loan online and one of our friendly representatives will be with you shortly!​​​​​​


What Can I Use A Car Title Loan For?

Ever have one of those times when you could really use some extra cash? Of course, you have – most people have at some point or another. Every now and then, something comes up that you didn’t plan for, and it costs money to fix. But how can you find this cash, short of robbing a bank? One option is a car title loan.

How To Avoid Title Loan Repossession

While nobody wants to consider defaulting on their title loan, not making a payment is a genuine possibility. Potentially, it could result in the repossession of your vehicle. In these still troubling times, there are several reasons people may fall behind on their payments. Understanding title loans and repossession laws are critical to weighing your options and settling on a solution. Rapid Auto Loans is here to explain everything you need to know to avoid title loan repossession.

Credit Repair Tips For Managing Your Bills

Before starting a credit repair program, it is important to stay on top of your bills to stop late fees and negative hits to your credit score. The first step to staying on top of your bills is to always pay them on time. This article offers tips on how to stay on top of your bills, such as setting up auto-pay and reviewing bills online.

Money Saving Tips: Preparing For Retirement

You may have already heard of the oldest money saving tip: “The best day to start investing was yesterday. The second-best day is today.” This is especially true when it comes to retirement. No matter how far away your retirement is, the constant reminders to save for retirement can stress out anyone. With these tips, you can start preparing for retirement today.

Tips to Improve Bad Credit

Your credit score is an important indicator of the state of your “financial health,” so to speak. It tells landlords, car salesmen, and banks how much you can be trusted to make good on loan or rental payments. The higher your credit score, the more likely you can score low interest rates if you do take out a loan one day.

get cash quick for moving expenses

Moving is an inconvenient but often necessary part of life. Packing up all your belongings can be tedious, but few things are as stressful as the price tag that comes with it. From the cost of cardboard boxes to the moving van, and then the gas to get from Point A to Point B, these costs can add up quickly. You may be worried about how you can afford it all.

Rapid Auto Loans is a consumer finance company licensed under Florida 516. The term title loan is used for marketing purposes only.
All loans have a repayment period of 12 months and there is no minimum prepayment penalty. Interest Rates are determined and approved by the State of Florida based on the borrowed amount and the maximum APR (which includes interest rate plus fees and other costs for a year) is 30%. You pay interest only for the time your loan is outstanding. Below is a representative example of the total cost of the loan, including all applicable fees:



Government Fee


Credit investigative Fee


Documentary Stamp Tax


Total amount Financed


Original Loan Date




Monthly Payment (x12)

Rapid Auto uses “Auto Title Loans” for advertisement purposes only and provides auto equity loans. The lenders are licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such lenders loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of lenders activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.