topic Re: Question about Collection in Rebuilding Your Credit

Question about Collection

Anonymous — Thu, 12 Mar 2015 01:11:14 GMT

I'm trying to rebuild my credit so I can get a car loan. I have a collection account from a medical bill thats around 4 years old. According to credit karma that collection is still open in my TU and Equifax report but I checked my Experian report and it shows that the account was closed. Is this normal? If not what are some steps that I should take?

Thanks

Re: Question about Collection

gdale6 — Thu, 12 Mar 2015 02:06:32 GMT

Welcome to My Fico

Its not normal for one CRA to report it open and others to report it closed you could dispute that fact but if you know the debt is yours I would go in another direction.

For medical debt you have some options and you should go after settling it in the order here.

1. Call the OC and ask that they recall the collection in exchange for full payment
2. Send the reporting CA a PFD offer
3. Google the HIPAA Process and contact its creator for help

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

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/PFD-Example-Letter/td-p/4519

Re: Question about Collection

Anonymous — Thu, 12 Mar 2015 20:31:49 GMT

What positive credit history do you have? Are there any other negatives on your reports?

Re: Question about Collection

Anonymous — Wed, 18 Mar 2015 05:16:56 GMT

Thanks for the responces. I was going to contact the OC but when i checked my equifax report on credit karma my collection disappeared so now its just reporting on TU. Should I contact them or wait it out to see if they'll drop it?

Im 22 my equifax is 656, TU 604 and Experian 665 I have a young credit history, right now in equifax its around 2 years and besides my collections I have 2 remarks on my report from verizon which show a balance and amount due of $0. Although, on TU they come out as closed-paid but equifax is reporting them as still open. I also have a few inquiries; on TU i have 8 and on equifax i have 4. Im trying to build my credit as much as possible since I'll be applying for a car loan within in the next 3-4 months.

Re: Question about Collection

gdale6 — Wed, 18 Mar 2015 18:21:43 GMT

@Anonymous wrote:
Thanks for the responces. I was going to contact the OC but when i checked my equifax report on credit karma my collection disappeared so now its just reporting on TU. Should I contact them or wait it out to see if they'll drop it?

Im 22 my equifax is 656, TU 604 and Experian 665 I have a young credit history, right now in equifax its around 2 years and besides my collections I have 2 remarks on my report from verizon which show a balance and amount due of $0. Although, on TU they come out as closed-paid but equifax is reporting them as still open. I also have a few inquiries; on TU i have 8 and on equifax i have 4. Im trying to build my credit as much as possible since I'll be applying for a car loan within in the next 3-4 months.

I would be moving to get it settled.