"I'd
rather go to bed without supper than rise in debt."
Ben Franklin
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Franklin Debt Relief, LLC is a member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers.
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Medical Bill Help, Relief, & Consolidation Call Today: (877) 274-1260 |
Start here for medical debt help |
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Our Hospital Bill Consolidation Services
Franklin Debt Relief’s “New Deal” program is the cheapest and fastest way for consumers with medical bills to eliminate their debt while avoiding the harsh implications of a bankruptcy filing. Our average client is able to dramatically reduce their monthly payments, lower their medical debt by 40 to 60 percent, and become debt free in as little as 12-30 months. On top of this, our program offers the convenience of one monthly payment, as well as resources for reducing any hospital bill collection calls. What medical bill help options are available? 1. Bankruptcy – A Harvard University study found that over 50% of bankruptcy filings were triggered by costly illnesses, which shows that unfortunately, bankruptcy is an all too common solution to overwhelming medical debt. Even though filing bankruptcy on medical bills is common, it’s hardly an acceptable solution to any future lenders or potential employers that do credit checks, and since bankruptcy stays on your credit for between 7 and 10 years, there’s no way of escaping it anytime soon either. Moreover, even with medical debt, most states force debtors to liquidate “non-exempt” assets like a home or vehicle with a lot of equity in order to pay back the at least a portion of the debt. Worse yet, since the bankruptcy reform laws in 2005, more and more consumers are being forced into Chapter 13 “payment plan” bankruptcy, which means you suffer the same devastating credit consequences and YOU HAVE TO PAY BACK THE DEBT ANYWAY.2. Medical debt consolidation using your home equity – Fortunately, lenders use different techniques to underwrite their loans because since medical bills are such an unexpected expense and almost impossible to plan for it in advance (unless you have insurance), most consumers lack the income necessary to pay it back with a home equity loan. Even if they did, it very rarely makes any sense to apply for a medical bill consolidation loan for a few reasons: 1) you’re paying back the medical debt with interest, which most medical bills don’t charge anyway; 2) the monthly payment can be higher than what even the hospitals are asking for; and last but not least, especially in light of point #2, 3) you’re putting your home at risk unnecessarily. (This is why most consumers with overwhelming medical bills opt for bankruptcy). 3. Medical debt negotiation, settlement, and reduction – If more consumers were aware of our service, far fewer consumers would be choosing bankruptcy as their choice for medical bill relief. With medical debt negotiation and settlement, a consumer can lower the amount they owe by up as much as 60 percent, while dramatically reducing their monthly payment and the time frame for becoming debt free. Our debt reduction service offers the same convenience of a debt consolidation loan, while saving you more money without risking your most important asset---your home. For consumers needing help with unpaid medical bills, FDR’s “New Deal” program is almost always the best solution. Call today to learn how to pay medical or hospital bills back for only 40 to 50 percent of what you owe: (877) 274-1260 |
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