No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hi everyone,
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.
No. I changed jobs and this was during my 90-day probationary period and I was uninsured.
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!
http://ficoforums.myfico.com/t5/User-Guidelines-General/Common-Abbreviations/td-p/88458
http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/What-Steps-Do-I-Take-Do-I-DV-PFD/td-p/337142
Date of service is November 2011. It first appeared on credit report 09/28/12 as unpaid collections.
Thanks