Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
Braymore

0 Contributions
0 People Helped
Loan or credit card
Should I pay off medical bills w/credit card or bank loan

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1456 People Helped

It will depend on what rate you can get and how fast you can pay off the debt. Of course, your credit is what will determine this. If you have good credit you may have the option of getting a credit card with a zero percent interest rate, sometimes these zero intro rates can be good for 12 or 15 months depending on the card. If your credit qualifies you for a card like this and you can pay the debt off within this time, and the medical provider accepts credit card payments, this is probably the best route. On the other hand a personal loan will usually come with a better rate than regular credit card rates, a loan would also be a better idea if this will take you a long time to get paid off. Your credit is penalized more for high balances on credit cards than on loans. If you are low income, you can check to see if the medical provider or hospital has any programs available to help low income self payers.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.