Medical Debt

[Tmyers]

Does anyone know if settled debt counts as paid in full for medical collections?

I am going for USDA 502 Direct loan and collections have to be either paid or on payment plans within the 6 months before you apply. However, if I settle them and it's considered paid in full then they'll remove them and it won't matter. I'm trying to speed up time here cause the USDA takes forever to process applications and waiting 6 months is hefty.

[butterpecan]

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@Tmyers wrote:

Does anyone know if settled debt counts as paid in full for medical collections?

I am going for USDA 502 Direct loan and collections have to be either paid or on payment plans within the 6 months before you apply. However, if I settle them and it's considered paid in full then they'll remove them and it won't matter. I'm trying to speed up time here cause the USDA takes forever to process applications and waiting 6 months is hefty.

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@Tmyers 

Settled is paid, they agreed you owe nothing else after you pay. 

[Tmyers]

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@butterpecan wrote:

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@Tmyers wrote:

Does anyone know if settled debt counts as paid in full for medical collections?

I am going for USDA 502 Direct loan and collections have to be either paid or on payment plans within the 6 months before you apply. However, if I settle them and it's considered paid in full then they'll remove them and it won't matter. I'm trying to speed up time here cause the USDA takes forever to process applications and waiting 6 months is hefty.

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@Tmyers 

Settled is paid, they agreed you owe nothing else after you pay. 

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Thank you for your response!

[FireMedic1]

@TmyersWas the debt removed from your credit reports now since its paid?

[Tmyers]

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@FireMedic1 wrote:

@TmyersWas the debt removed from your credit reports now since its paid?

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I haven't paid it yet. Working on it now. 

[FireMedic1]

Cool. Once paid. Its gone.

[Tmyers]

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@FireMedic1 wrote:

Cool. Once paid. Its gone.

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Just to update you all. The credit Bureau did delete once I paid it. I settled! So they'll delete it either way. Thanks for y'all great help

[SouthJamaica]

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@Tmyers wrote:

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@FireMedic1 wrote:

Cool. Once paid. Its gone.

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Just to update you all. The credit Bureau did delete once I paid it. I settled! So they'll delete it either way. Thanks for y'all great help

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Congratulations.