They might but if they don't they could cut your current credit limits thou
@College wrote:I recently had a ding on my credit report by AMSHER for $693, due to hospital bills because I don't have insurance. This inevitably dropped my score by 40 points. It's my first account in collections but I know I have 2 more following it from the other bills. I wanted to know if they can just drop me because my score dropped so much? I have paid on time for 9 months now and I won't be able to pay my medical debts until August. So i'm very concerned.
I don't see anything in your wallet that denotes paranoid CCC. Usually, Barclay and AMEX are the CCCs that obsess over soft reports and instances like this.
Edited to add:
You should also know that your CLs aren't sky-high. It is unlikely that a CCC issuing a $700 CL will do much other than perhaps watch your payment habits for a few months. If you had $10,000+ CLs, I might think they could CLD you, but not in this case.
@College wrote:My UTIL has been 0% since April. I'm on a cash diet to monitor my spending habits. How long until they cancel my cards for no use?
Now see, that's a different story (i.e. "no use" v. a random medical collection popping up). Some creditors are stingy about not using their cards (AKAIK, GE-backed cards do not really fall into this category. My Old Navy card hasn't been used in two years...and they just upgraded it to the co-branded version). You might use them for a meal or such and pay it off right away to avoid this possibility.
