First, you can apply for a medical or debt consolidation loan. This could be a personal loan (uncollateralized) or home equity loan (collateralized). In either case, this loan is taken to pay the medical bills and it carries interest just like any other loan. However, sometimes it becomes difficult to get loans (if you credit is not good or you have no collateral) and you usually you end up paying more in the end of you take out a loan. So, proper care must be taken before seeking the medical loan option.

Another medical debt relief option is to transfer the debt to your credit card. However, if you transfer it to the credit card then you may become ineligible to get medical financial as it does not lower your gross income. Moreover, transferring medical debt to a credit card kills most of your options as now the medical debt becomes credit card debt. Also, the rate of interest is higher in the case of credit cards when compared to leaving the debt with your medical provider or seeking a medical loan.

Negotiation is another option and statistically has been very effective. If you cannot make the required lump sum payment or payment plan given to you, then you can negotiate with the hospital authorities to lower your medical bills and get a better deal. Many times, doctors and hospitals may not want to negotiate with you and therefore your next step is to work with a medical bill negotiation company (find a recommended one below).

You can also contact charity organizations for help. There are organizations that exist which may provide some financial help for you. You can find them online and the recommended site below provides some resource links to them.

Another option is to apply for Federal or State medical financial aid. Before doing that you have to make sure that you are eligible for getting the aid and usually each State's website explains what eligibility requirements are. Otherwise, it will be a sheer waste of your time. Medical financial aid is provided by the state, mandated by the Federal government through a program called Medicaid.

Whatever option you select, filing a bankruptcy is the last option. This method should be used only when there is no other way to get rid of the medical debt. Your first step before trying to take out a loan, transfer it to a credit card, or apply for Medicaid or contact a charity organization, is to negotiate. You can negotiate yourself, or you can use a medical debt negotiation company. The best medical debt negotiation companies offer a service where you pay nothing unless you save thousands.