Hi,
I need some assistance. I recently endured a very high risk pregnancy and had to go to the doctor at least twice a week. I had the baby 3 weeks ago and had complications so I am going to be off of work and will live on Short Term Disability for a while.
As I was going through some of my mail, emails, etc. I received a credit alert from TransUnion and noticed that a few of my medical bills were sent to a collection agency and it was put on my credit report a couple of days ago.
There are five bills in total with small balances - $33, $47, $67, $74, $85. I was told that small balances, under $100 don't affect your FICO score. Is this true? These are the only negative items on there. I want to get this taken care of, what are my chances of getting them to remove them if I pay them?
Thanks
removing medical collections from credit report
Hi Tse,
First try validating these debts with the collection agencies (CA). If these debts come back validated pay off these with the CAs. As per a new rule the medical collections once paid will have to be completely removed from the credit report. This is supposed to be done within 30-45 days from the date of payment.
However, if these debts are not valid ones, you can try disputing these with the credit bureaus.
Thanks,
Aaron
please identify the new rule that causes medical collections to be removed from credit reports.