What a great forum. I have searched, read and absorbed as much as I can but still have a few questions.
I am recently divorced and have numerous medical bills that went unpaid and are on my credit report. They are from 2-5 years old. I have several with NCO, Consumer Collection, and a couple others I cant remember off the top of my head.
Here is my question. I was thinking of making contact with each one of the agencies with a summary of of the debts (that I know of from my CR). I presume that I will first have them validate. There may also be ones that they have but are not on my CR yet as well. Agree on the set of accounts and then come up with a lump sum (or few payments plan agreement) negotiation. So far am I on track?
Lastly, with the negotiations of the settlement should I push to have them fully remove it from my credit report or just settle / ask for "Paid as Agreed". I wasn't sure if it was any different since they were medical bills. I understand that the medical companies themselves cant file with credit bureaus, but the collection agencies can.
Thanks in advance to everyone for all of the great post's out there.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.