If you’re thinking about taking out a personal loan or payday advance to catch up on medical expenses, you’re not alone. Even with adequate health insurance, patients can incur thousands of dollars in hospital bills for anything beyond preventive care. A standard delivery, for example, costs new moms more than $5,000 out of pocket in the state of Kentucky. If you’re struggling to pay down medical debt, here are a few ways to tackle it.

3 Strategies for Paying Off Hospital Bills

1. Apply for Debt Forgiveness

If you meet certain requirements, you may qualify for one or more charity programs. Such programs are designed to eliminate some or all of the beneficiary’s medical debts. Just be prepared to supply a considerable amount of documentation to prove that you qualify, including tax returns and paystubs.

2. Negotiate With Your Providers

Medical providers are more flexible than most creditors when it comes to paying down balances. This is primarily because the debt is unsecured, and they know receiving a small payment every month is better than receiving nothing at all.

As such, it may be worthwhile to negotiate with your providers. Don’t be afraid to reach out and ask for a more manageable arrangement. Depending on the terms of the statement, you may even be entitled to an interest-free payment plan.

3. Consolidate Your Bills

Depending on your credit score and debt repayment history, it may be possible to obtain a 0% interest credit card or affordable personal loan to consolidate medical bills. This, in turn, could make your financial obligations a lot more manageable. It could also save you thousands over the next few years in interest. Other debt consolidation options include payday advances and short-term loans, especially for smaller medical bills.

To pay down your medical bills using a short-term loan, turn to Advance U Cash in Florence, KY. Their friendly team is proud to help clients regain their financial footing by supplying payday advances and quick loans. With easy approvals and flexible due dates, there’s no better lender to turn to when you’re in a pinch. To start your application for a payday advance or short-term loan, visit their website or call (859) 746-2274.