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fermargra

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can new credit be harmed by old debt?
my wife got into some debt when she went to the emergency room on Jan 2015 for $9000. She had no credit and still does not have it. So they could do nothing about it, or report her. She tried to settle but they wanted everything then and there.If she wants to set up her credit, lets say with a secured cc, could her new credit be affected by her old debt. Is there anything she can do!

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If they wanted to put it on her credit reports they could even though she has no other accounts on her reports, so I am not sure where you got that info, but it is incorrect. Yes, she should start building credit and the best way to do that is by starting with a Secured credit card. Three credit cards and one installment loan that are reported to all three credit bureaus are the basic tools to build credit. Make sure that you both read all that you can about credit as there is a lot to know. As for the medical debt, there isn't much that you can do unless you can pay it in full and get a "pay for delete agreement". Many hospitals have programs to help lower income individuals that don't have insurance, maybe you could check into that if you haven't already.

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