They do when it turns from a bill to a collection or public record because then the party that is posting to your credit file is a collection agency or in the public record section of your credit file if they sue. Most medical will compromise their bills rather than turning it in for collection, so if you have some money, but not all, it is better to offer them a compromise and release.
Even thought I don't have any outstanding medical bills on my record, this is good to know.
I think some negotiation on all past due accounts is worth a shot. BUT what jbtb990 didn't say is that when you negotiate to clear your account out, have them
PUT IT IN WRITING that they won't come back to you for further money that is due.
Good article, but one point I would like to make and it may be a mute point but I work for a collection agency and when we receive a dispute from Trans Union the verification form they send us only allows us five days to respond or the account is deleted from the report.
Comments(0)
Why wouldn't medical bills count against you?
Verne_J
They do when it turns from a bill to a collection or public record because then the party that is posting to your credit file is a collection agency or in the public record section of your credit file if they sue. Most medical will compromise their bills rather than turning it in for collection, so if you have some money, but not all, it is better to offer them a compromise and release.
Thanks jbtb990.
Even thought I don't have any outstanding medical bills on my record, this is good to know.
I think some negotiation on all past due accounts is worth a shot. BUT what jbtb990 didn't say is that when you negotiate to clear your account out, have them
PUT IT IN WRITING that they won't come back to you for further money that is due.
The reason is because anybody can become sickly ill and not afford to pay off their medical bills.
Good article, but one point I would like to make and it may be a mute point but I work for a collection agency and when we receive a dispute from Trans Union the verification form they send us only allows us five days to respond or the account is deleted from the report.
Hmmm. That is a good point to know. I though it was 30 days. Thanks for the post
Keep in mind it may be 30 days for the others but Trans Union is 5 days.
Since this article you can now opt out or in on the net at
https://www.optoutprescreen.com/
That is a pretty cool website. Thanks for sharing.
This is a great blog post. Keep up the great work!
Yeah. I agree. Although I think the best thing to do when trying to fix your credit is to actually pay off your debts that you owe.
Yeah. I agree. Although I think the best thing to do when trying to fix your credit is to actually pay off your debts that you owe.