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Established Member
Posts: 26
Registered: ‎08-17-2010
0

MEDICAL BILLS

I HAVE SEVERAL MEDICAL BILLS DATING BACK TO 2004, THEY RANGE FROM 99$-1400$,THEY ALL HAVE BEEN BOUGHT BY A CA, I CAN NOW BEGIN TO PAY SUM OF THEM OFF , BUT WHAT I WANT TO KNOW IS THERE A WAY TO GET A  PFD FOR ALL OF THEM / OR SHOULD I JUST TRY TO CONSOLIDATE ALL OF THEM INTO ONE MONTHLY PAYMENT LIKE A DEBT PLACE/ I AM REALLY TRYING TO CLEAN UP MY CREDIT, I JUST DONT KNOW WHERE TO START BUT I AM AWARE THAT TIME IS THE BIGGEST THING!!!!

Starting Score: 511 tu,466eq
Current Score: 511,466
Goal Score:700
Valued Member
Posts: 30
Registered: ‎09-27-2010
0

Re: MEDICAL BILLS

What is the total of all collections?

 

Do you realize that they will no longer appear on your credit report after 7 years? I do not know if it is true or not, but some people believe that if you pay them it resets the clock and they will not fall off until 7 years from the paid in full date.

August 2010 TU FAKO 627 Sept 2010 TU per myFico.com: 643 CL util per myFICO: 88% with a $16,853 revolving balance
Oct 2010: Applied and received new credit lines: CL uil down to 75% EQ 648
Goals: Lower revolving balance, remove medical collection, 700 club
Moderator
Posts: 15,698
Registered: ‎07-14-2009
0

Re: MEDICAL BILLS

 


NuvaMcC wrote:

What is the total of all collections?

 

Do you realize that they will no longer appear on your credit report after 7 years? I do not know if it is true or not, but some people believe that if you pay them it resets the clock and they will not fall off until 7 years from the paid in full date.


Nothing can reset the CRTP (Credit Reporting Time Period). Whether a derogatory is paid or unpaid it can only be reported for a certain amount of time.

 

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work


Valued Member
Posts: 30
Registered: ‎09-27-2010
0

Re: MEDICAL BILLS

Thanks for clearing that up. I wasnt sure if it was a myth or not.

August 2010 TU FAKO 627 Sept 2010 TU per myFico.com: 643 CL util per myFICO: 88% with a $16,853 revolving balance
Oct 2010: Applied and received new credit lines: CL uil down to 75% EQ 648
Goals: Lower revolving balance, remove medical collection, 700 club
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