Getting Started...

[Anonymous]

I have about $1300 from various acccounts listed on my report. I'm trying to finally do things the right way, and wondering where I START with this?

Do medical bills count the same as non-medical? (meaning would it be better to start paying off the nonmedical first?)

Once an account is paid, I know it is not removed from my credit report, but does it affect my score at all?

I've read that a CA is allowed to post an update each month, but does that bump up when the item will fall off? Does it restart the 7 years all over each month? Or is it supposed to be 7 years from when the item first appeared?

[Anonymous]

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lovemyone wrote:

I have about $1300 from various acccounts listed on my report. I'm trying to finally do things the right way, and wondering where I START with this?

Do medical bills count the same as non-medical? (meaning would it be better to start paying off the nonmedical first?)

Once an account is paid, I know it is not removed from my credit report, but does it affect my score at all?

I've read that a CA is allowed to post an update each month, but does that bump up when the item will fall off? Does it restart the 7 years all over each month? Or is it supposed to be 7 years from when the item first appeared?

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I'm not sure but I think a collection is a collection.  Whether nmedical or not would come into play if someone were eyeballing your report.  Most lenders may turn a blind eye to a medical collection moreso than a credit account.

A paid collection will not raise your score.  I paid off several and saw no increase as the FICO score still uses them to predict the likelihood of repayment.  That beign sai an open collection is more a reason for denial than a paid collection

When a CA reports each month it does not re age the entry, it still falls off 7 yrs after  the date of last delinquecy with the original creditor.

HTH

[Anonymous]

First, thanks for the reply.

Second, how do I know what the date of last deliquency is?