I have gotten alot of conflicted answers about this before... How long do unpaid medical bills stay on your credit report? 7 years, or indefinately? What about collection accounts that have been paid? Thank you in advance for all your help!
2006-07-20 18:36:21 · 5 answers · asked by Anonymous in Business & Finance ➔ Credit
My husband got in a car accident at a time when he could not afford medical insurance. If we could afford to pay $20,000 in medical bills, we would
2006-07-20 19:35:39 · update #1
7 years.
United States Code: Title 15, 1681(c), Subsection 605.
Running of reporting period.
(1) In general. The 7-year period referred to in paragraphs (4) and (6) ** of subsection (a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.
Collection Accounts:
Accounts placed for collection/charge off, must antedate the report by more than 7 years.
2006-07-21 08:26:18 · answer #1 · answered by Celeste 6 · 1⤊ 0⤋
Medical bills and paid collection accounts (credit card charge offs etc) remain on your reports for 7 years.
The reporting period for medical starts on the day of service.
The reporting period for the collection accounts start when the account first became 30 days late and was never brought current leading to the charge off.
You might check out the link I've provided. It is a "free" do it yourself credit repair forum. Do some reading in the newbie forum then in the credit forum to learn your rights in dealing with the paid collection reporting. You might do some reading in the medical forum also.
As for the medical bills, have you spoken with the hospital about the bill? Many times hospitals do have programs that will help reduce the amount. They also have lists of different charities that may help.
2006-07-20 20:24:01 · answer #2 · answered by echo 7 · 0⤊ 0⤋
7 years or longer until eventually you're taking steps to advance it. i recommend credit fix until eventually you've quite some time and a severe tolerance for aggravation. some issues are more effective left to the experts. often agencies fee thousands of bucks to easily pull your credit and deliver properly worded dispute letters—it truly is the foremost…..human beings will inform you that you may want to attempt this your self for loose however the certainty of the rely is that the credit bureaus will throw your letters away or only reject them. there is an easy to apply on line kit which will provide the outcomes you want accessible for only $19.ninety 5 on the source website. a similar kit is being offered by ability of infomercials and radio communicate shows for seventy funds more effective yet they strive against to solicit you many times for different amenities after the very certainty.
2016-11-24 23:45:10 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Go to LexgintonLaw.com for answers they have great sections on credit repair and myths. The sevon year MYTH is one created by the credit reporting agencies.
Pay the dang bill and you can get it removed. Why would you wait any length of time to pay a bill you generated? If it's a fraudelent account report and get help cleaning it up.
Rule #1 to prevent poor credit ratings; pay your bills on time and always pay your bills.
2006-07-20 19:32:24 · answer #4 · answered by KennyJitFu 5 · 0⤊ 2⤋
Unpaid? Forever. They're listed as open accounts. After they've been paid, seven years.
2006-07-20 18:39:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋
7 years no matter what
2006-07-20 18:40:15 · answer #6 · answered by lilmouser2002 2 · 0⤊ 0⤋