My wife and I have a medical collection that we have been paying on for nearly seven years. Ouch! They have gotten there money plus some. I have gotten hurt and we have not been able to make as big a payments as we have lately.Still making a small payment, about 15.00 a month. We never had a payment agreement, we just started making payments on it, (about 50.00 to 75.00) on a 2000.00 bill. We still owe about 2000.00 with interest still. In November it will have been 7 years since we started making payments.The other day they sent us a demand letter for complete payment and gave us 5 days to pay it. Unfortunately, I dont have the funds. Not sure what they can do and or what I should do? Any suggestions?
Thanks