How long do medical unpaid bills stay in your credit record ? Do they go away like banckupsy?

Answer 1

only if you discharge them in bankruptcy. but thats ok you will find out that there is no intrest incurring and in the USA they will report it as in good standing if you make an effort to pay I had a bill that took me 5 yrs to pay and it was never a neg on my report I simple paid them 5 to 10 a mnth no problem. just call them and ask. Good Luck

Answer 2

They usually stay on there for about 5 years, however if you pay the bill off and get your credit maintained you can have the company take the "bad credit report" off you record in about 3 years. And about the bankruptcy I would just for a bill. That is an easy way out but will always be on your report. and Loan officers see that.

Answer 3

Adverse accounts, whether medical or not, will go away automatically after seven years. When you apply for credit, your creditor does not get the details of the medical collection, like the name of the company, just the fact that it is a medical collection.

Answer 4

Your credit history is challenge to the persons you own funds to. regularly once you've something on Transunion you've it on all 3 credit reporting businesses. even if, you want to seem up the statue of obstacles on your state to work out fi you nonetheless opt to pay the debt. States variety on how lengthy a creditor can assemble.

Answer 5

That depends on the laws in your state. I have included a link which has state specific information on these types of accounts. It is considered open until they write it off, however since you sign a promise to pay when you accept treatment that is considered a contract. Depending on your state its usually 3-6 years.

Answer 6

Seven years, but debts can now be renewed on your credit report when they expire unless you write a statement to be included on your report that disputes it.