Rebuilding Your Credit

[MCredit]

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.

[annielorie]

Did ypu have insurance at the time?

[MCredit]

No. I changed jobs and this was during my 90-day probationary period and I was uninsured.

[annielorie]

What is the date of service and the DOFD

[Shogun]

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

[MCredit]

Date of service is November 2011. It first appeared on credit report 09/28/12 as unpaid collections.

[annielorie]

Do you agree with the amount if so proceed to pay for delete. If not send a DV letter

[MCredit]

Thanks

[annielorie]

Your'e welcome keep us up to date