Hi all! I first want to say, this community has been such an asset in helping to rebuild my husband and mines credit. I’ve been able to raise his approx 50-75 points within the last few months! Now it’s my turn, mine will take significantly much more work as I have several collections dating about 4-6 years back. I also have a BK that is due to come off in Sept. however, it came off Equifax this morning resulting in a 36 point increase for them. So my main goal here is to start with the easiest agencies and work my way to the more difficult ones and what people thing may be my best strategy. So without further ado:
Overton, Russel, Doerr and Donovan- $1172 & $135 ( medical). I have tried to contact them to snag original bills as I’m almost 99% positive, some of this was from an insurance issue from my child’s birth.
ERC Collections- $642 & $139
LVNV Funding- $605
Portfolio Recovery- $579
Monterey Collections- $572,468,451
Credit Collection- $250
Nat. recovery agency- $118
I have 2 store accounts in good standing, no lates, low util.
I also have a self lender started 2 months ago. The $1500 option for 12 mos.
Hi and welcome to the forums
Here is the suggestion by gdale on how to handle medical debt
For unpaid medical debt that is reporting on your CR:
1. Call the OC and see if insurance can be billed, if not then
2. see if you qualify for Charity Care, if not then
3. ask that they recall the collection in exchange for full payment
4. Send the reporting CA a PFD offer
5. Google the HIPAA Process and contact its creator for help
For other non medical collections, you should contact then and see which one will delete accounts when paid. For those who wont delete, you'll need to either pay them in full or settle for a lower amount. Settlement does not look as pretty as paid in full, but it's better than unpaid collection account.
For those with larger amounts, you can ask if you can make monthly payments till debt is satisfied.
Once the last collection is paid, and there are no more updates, your scores can start recovering.
ERC Collections- Most deletion occurred when debt paid to OC and asked to be recalled beforehand.
LVNV Funding- Will not do PFD