I'm currently in the process of buying a home. Two days ago a Medical bill appeared on my credit as a collection. I had went to the ER in July 2013 and thought I had paid all my bills. This one was not paid. I contacted the collector and explained my situation. I was informed that the collection agency WILL NOT remove it from my report even if I paid it in full. They did offer to mark the account as paid. If marked as paid will the account still effect my score? Can a medical bill be reported?
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.