Just because a medical provider elects not to sue does not mean you won’t have debt collectors harass you for payments. Carolinas Medical Center or “CMC” does on occasion sue patients and sometimes their spouse for medical treatment. I have even seen a widow sued for $80,000.00 after her husband died in the hospital. Talk about asking for a counter-suit for medical malpractice. Also be aware that many hospitals and medical providers like Atrium Health offer financial hardship assistance.
Generally speaking if you are behind on your car payments or fail to maintain required insurance that can trigger a "default" under the contract. Upon default, the lienholder often has the right to immediate repossession unless there is a "grace period" provided for in the language of the contract. That being said, creditors do not have the right to “breach the peace” to execute a repossession. So what exactly are the repossession rights of a secured creditor upon default?
Let’s first look to the actual statute:
UPDATE: President Obama signed an extension of the Act until the end of 2016.
According to reports the credit reporting agencies receive 10,000 disputes a day. Much like the mortgage modification debacle they simply don’t have the staff to keep up. The result is usually multiple form denial letters hoping to frustrate individuals into giving up. Most consumers do. The few who sue usually get a settlement that the bureaus accept as the cost of doing business. The Fair Credit Reporting Act gives consumers the right and remedies to ensure their credit report is accurate. If there is a problem- what should you do?