I started rebuilding my credit in September 2017. My score has seriously improved, by 360+ points, however I don't really know what to do at this moment. I have some things I am considering but I am not sure. I have never felt the need to join (I always prefer being just a reader) and I knew I didn't really need anything. I wanted to see what was the best thing to do and I was doing all the things on the list I read (ABC's list). I am not stuck at the moment, I have an idea, but I am not sure if it is the best thing I can do. I have several... several medical collections. I can't say the dates exactly cause they could be wrong, I got them from the experian but they are as follows
Advantage Financial services- 145 and 314. (Will both fall off in May 2022 and Feb 2023)
Professional finance company- 126 and 517. (Will both fall off in Jan 2023 and Feb 2023)
Collection bureau Inc- 141 and 214 (I don't know the dates but the DOFD is Sep 2014 and Apr 2015)
FMS inc- 68, 175, 454, and 562. (Will all fall off in Oct 2022, Jan 2023, Nov 2022, and Jan 2023)
*They all update every single month, without fail, sometimes twice a month.
FMS inc- 102, 181, 198, 546, and 1781. (The date I got treatment May 2015, Jun 2015, Aug 2015, Aug 2015, and Jun 2015) *These were deleted off my report and seemingly sent back to the original creditor. I only suspect it was because the accounts on there bill pay service went from closed to due now. However it again shows closed so I suspect they will end back up on my report, which is why I am including them. I never even celebrated these coming off because I knew they could potentially come back, and I appear to be right, but so far not yet.
In the above collections, I have never once received a bill in the mail from any of them or received any calls. However as of a couple days ago Advantage Financial decided to leave a message on my voicemail. That is the only one to ever make such contact with me. I am frightened by there message if I am being honest, and that is what has lead me to finally joining because I am not sure what I should do. I am concerned about being sued so I need to do something I believe.
I am considering getting a personal loan to pay back all of those collections, I would do a long loan presumably 60 months so that I can afford the payment. I wouldn't take 60 months to pay it, I can't really say how long it would take to repay, but presumably 2 years at least. Not the full amount for sure, that is just to make it so I could possibly afford it. I don't like the idea of that but at this point I have wanted to do something, and now with the threat of possibly being sued, it is really something I need to consider. If I were to get one it would be a secured personal loan through wells fargo (is that a personal finance account, I see that every time being listed as bad on here a lot) and it would be for 5k to 5.6k with the terms of 60 month repayment period. (As I said I would pay it back sooner just not sure how much sooner) Does that sound good? Maybe I couldn't even be approved for what I am asking for, I have no clue honestly.
Just to run through a couple things that I see frequently mentioned as I read this forum (I am literally always on here reading something.)
1. Call the OC and see if you qualify for Charity Care (I qualified back when I got these I believe however I believe I am way to late for that?)
2. If not then ask that they recall the collection in exchange for full payment (I don't really know what to say, I have emailed some but haven't given any personal info as I don't want to be sued so no response back.)
3. Send the reporting CA a PFD offer (I have never done this, and I don't know how to do this. I really don't want to be sued and I would mess it up since I don't understand the process.)
4. Google the HIPAA Process and contact its creator for help (I literally have to be dumb because I don't understand this at all. I google that and I go to the correct page however I don't understand anything on that page. It is EXTREMELY confusing to me)
I feel like I need to give some more information, so I am just going to throw some things in here at the end, (wow I really did not mean to write this many things. This is really all over the place, I apologize in advance.)
Fico score- EX 683, Trans- 694, and EQ- 682
Payment history- 100% on them all (probably not accurate)
Amount of debt- 127k student loan in repayment (never will be able to pay it off, I am on an income based payment plan.) 1700 revolving credit card debt.
Credit history length- 6 years and 2 months
Amount of new credit- EX 9m and 3 inq, Trans 9m and EQ 9m and 2 inq
Collections accounts- Ex 9, Trans 11, and EQ 4
Side note I am in Idaho, what is my statute of limitations for the medical collections, I am not sure if it is 4 years or 5 years. Also Hopefully I haven't forgotten anything that is important.
Oh wait I should say the cards I have, my bad.
Credit card- Capital one 2250 (was my 1st card and started at 500), Discover 12000 (was my 2nd card and started at 11000), Wells fargo 4500 (was my 3rd card and is 5500), American express 1000 (was my 4th card and hasn't moved)
*capital one was got in Sep 2017, and the other three were got Jun 2018.
Hopefully I really haven't forgotten anything now.
