topic Re: Collections on Credit Report ? in Rebuilding Your Credit

Collections on Credit Report ?

Vettecor — Mon, 08 Apr 2013 23:35:36 GMT

I have 2 small medical collections from a hospital on my credit report. They do belong to me. They are from a collection agency.

1. I understand that if I pay the collection agency the full amount due that it will NOT help my credit score. Is that true ?

2. Is there anything I can do to have these removed from my credit file ?

3. Does anybody know if I could still pay the hospital directly and ask them to remove the 2 collections ?

4. Does a collection agency have the ability to remove from my credit report if I pay them in full ?

Thanks

Re: Collections on Credit Report ?

icloud2525 — Tue, 09 Apr 2013 00:24:50 GMT

1) it will not help your score, though it looks better on manual review.

2) you can try a pay for delete with collection agency, or just pay and and after send good will letters asking them to remove.

3) it is possible, but no guarantee CA would remove unless hospital agrees and collection agency has good working relationship with hospital.

4) yes, CA's can report anything they wish, including the ability to delete.

Collection agencies want to get paid first and foremost. A pleasant agreement asking them if you pay in full will they delete is your best option. And get that in writing from them.

Re: Collections on Credit Report ?

keyelove — Tue, 09 Apr 2013 00:33:21 GMT

Hi Vettecor - Welcome to the boards.

I'm new to the boards so I'm no authority on any of this. However, I've done a ton of reading and figured I'd point you in a direction that helped me. IMO you may benefit from attempting a PFD (Pay For Deletion). Here's a thread that you can check out that will help you understand how this works. You'll also find a ton of threads listed with success stories of people being able to accomplish this:

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Q-amp-A-Examples-and-PFD-Success-Stories/td-p/2031275

I hope this information helps you out!!!!

Re: Collections on Credit Report ?

fishbjc — Tue, 09 Apr 2013 00:55:02 GMT

I paid one, asked to delete and they did.

Re: Collections on Credit Report ?

fishbjc — Tue, 09 Apr 2013 00:55:32 GMT

Make that two deletions

Re: Collections on Credit Report ?

Anonymous — Tue, 09 Apr 2013 01:49:58 GMT

@Vettecor wrote:
I have 2 small medical collections from a hospital on my credit report. They do belong to me. They are from a collection agency.

1. I understand that if I pay the collection agency the full amount due that it will NOT help my credit score. Is that true ? Yes, it is true. Won't help your FICO.

2. Is there anything I can do to have these removed from my credit file ? Ask for a PFD - pay for delete. You pay, they delete.

3. Does anybody know if I could still pay the hospital directly and ask them to remove the 2 collections ? You can ask the OC if you can pay and recall the debt from the CA. They can also ask them to remove their TL but the CA doesn't have to do that. The OC has to still own the debt to take your money.

4. Does a collection agency have the ability to remove from my credit report if I pay them in full ? Yes they do. A PFD.

Welcome to the forums.

Thanks

Re: Collections on Credit Report ?

Vettecor — Tue, 09 Apr 2013 02:10:04 GMT

Thank you so much for ALL of this wonderful information.