member profile picture

I have a $420 debt that is on my credit report and is a medical bill that slipped thru the cracks while my daughter was sick about three years ago. I want to clear this up. If I pay off debt, will it help my credit at all, or has it already damaged my credit so dont worry about paying it? Debt is about four years old. Will debt collection agency report it to credit reporting companies as paid? No one has contacted me in about two years trying collect on it.




I would find out who owns the debt. It may still be owned by the original medical provider. If the OC still owns the debt, then find out if they will pull the debt back from the CA and delete if you pay them directly. Is this with a hospital or a DR? How does it show on your reports? Does it show a MED01 notation?

Sub: #1 posted on Mon, 08/04/2008 - 18:03

NASCAR_Devil NASCAR_Devil
Moderators Cum Industry Expert
(Posts: 4666 | Credits: 308.23)

All my Experian report shows is Paramount Recovery Services. I dont even remmber who the original medical provider was. Experian report still shows a balance as of July 28, 2008. But, the red dots at the bottome show as "CO" or Charge Off.

On report ---> Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department

Sub: #2 posted on Mon, 08/04/2008 - 19:21

Unregistered


You can DV the CA but they are not required to respnd or you can dispute with EX as either "not mine" or "multiple inaccuracies - please verify all information reported". You will likely receive information on the OC from your dispute. Then go from there.

Sub: #3 posted on Mon, 08/04/2008 - 20:48

NASCAR_Devil NASCAR_Devil
Moderators Cum Industry Expert
(Posts: 4666 | Credits: 308.23)

It is probably past the statute of limitations, so the debt is not valid. If you pay now, you will likely reset the 7 year period it stays on your credit history. I would just ignore it and wait until it goes off your credit history in 3 years.

Sub: #4 posted on Mon, 08/04/2008 - 23:22

Unregistered


the SOL depends on which state she is in, it isn't automatically 7 years.

Sub: #5 posted on Mon, 08/04/2008 - 23:45

smo65d11 smo65d11

(Posts: 1468 | Credits: 133.12)

And paying on a CO'd account will not reset reporting period. Guest, I suggest you do some more reading before posting any more advice. People are coming here looking for solid information based on fact, not what you read on the back of a cereal box.

Sub: #6 posted on Mon, 08/04/2008 - 23:54

NASCAR_Devil NASCAR_Devil
Moderators Cum Industry Expert
(Posts: 4666 | Credits: 308.23)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 2.129 seconds.