How Will Not Paying Affect My Credit Score?
So I’ve recently had a spell of bad luck by way of getting into debt for stupid reasons. First off I recently had to go to the emergency room and ultimately have surgery without insurance and ran up a 16000 dollar hospital bill. Secondly I sold a car about a year ago and didn’t notify dmv of the sale so I got a bill for 1600 from a tow company today since I’m still the registered owner. I really can’t do much about it since I can’t find the bill of sale so I’m stuck with the bill. Anyways the hospital keeps sending me letters for the balance and probably will for some time. If I ignore both of these debts how will it affect my credit score? Am I better off claiming bankruptcy or doing nothing at all? Any input would be appreciated. Thanx
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