Credit Affect of Interest Free Hospital Bill
I just had a baby and although I have insurance, the bill is pretty astronomical because my daughter spent a week in the NICU for fear of infection.
The hospital offers very low payments ($25/month) on their portion of our overall bill which totals about $15,000, and they don't charge any interest. While at this low payment it would take us 60 years to pay it off, it seems like a pretty good option, except that I'm wondering how it might affect my credit score, (carrying such a high balance and making such low payments). My credit score now is really stellar and I don't want it to take a hit.