I recently had a collection account list on my credit for $419.00, it was from an old medical bill. I had pretty good credit and a great score before this listed. I purchased a vehicle about six months ago and got a 4% interest rate and was prequalified for a mortgage at a little over 3% before this happened, just to give you an idea. All of my other accounts are in good standing with no late or missed payments. I have mailed a letter to the company asking if I pay it in full will they remove it. I am pretty sure they wont.
My question is, should I pay the account off, even if they don't remove it, or just wait until it falls off 5-7 years from now.
Hello and welcome to the forums!
You need to send them a DV and have them validate the debt. Once your satisfied with that you can send a PFD and see about getting that done. Below are some links for you to read and get started. Good Luck!