No matter whether you have medical insurance, all too often medical expenses are inflated.
What normally occurs is that medical providers pass on unpaid medical expenses to collection companies with the aim of receiving compensation from you.
Both medical providers, and so too collection agencies, will report the unpaid medical expenses to your credit report. These collection histories will impact negatively on your credit score and impede your ability to get credit.
Things you will require:
your credit report
collection account number
details of medical provider
Credit bureau contact info
settlement letter
Payment for deletion letter
Internet access
Credit repair service
Step One
Make contact with and request a payment for deletion from the medical provider to whom you owe the money. Normally a one-time payment is required. The account along with any collection account linked with the unpaid debt, is deleted from your credit report on receipt of payment.
Whilst you can pay an intermediary to make a payment-for-deletion arrangement on your behalf, money can be saved if you write the letter yourself.
It is required that the agreement is in writing and undersigned by you and also the medical provider.
Step Two
Make payment arrangements with the collection agency. Contact either the medical provider or collection agency and let them know that you would like to pay up the debt.
You can possibly pay off a lump sum settlement or set up scheduled payments. You will require a signed settlement agreement from the collection agency.
Once the payment has been made, you are then able to pass it on to the credit bureau agencies in order to update your credit report. In some case the collection agency does this for you.
Once the debt registers on your credit report as having been paid, you will be able to visit the websites of Equifax TransUnion and Experian and there you can submit an electronic dispute with the credit bureaus to have the debt deleted.
Step Three
Avail yourself of the services of a credit repair service. This is for people who are unable to make a payment of any size toward the debt. A credit repair service will attempt to better your credit score through getting rid of collections, public records and charge-offs.
You might even be aware of a credit repair company in your region. If not, you might enquire with friends or acquaintances for referrals or search the World Wide Web to find a service.
These steps and many others are made easy with the “37 Days to Clean Credit” program. To get started today, CLICK HERE.
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