Trying to settle a DEBT!?
View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.
I've had about 6 accounts go into collections. They are all hospital bills. I thought at the time my insurance covered the majority of those visits seeing how I had coverage but I guess they didnt. My credit has been severely ruined b/c of these accounts dispute the fact I have a mortgage, auto loans & credit cards all in good standing. I want to settle the collections accounts but I'm curious on the repercutions of settling. The oldest account is from 2002 & the newest one being in 04/2006. They are relatively small totaling only about $2500. What recommendations do you guys have? I really dont feel I should pay something my health insurance should have paid. But I want to fix this since I've ignored it for so long. I'm clueless when it comes to this stuff! Please Help!!
Trying to settle a DEBT!?You don't feel you should pay something that your insurance 'should have paid'.
Unfortunately you dropped the ball - if there was confusion as to whether or not your insurance should have paid something, the time to do somethign about it was then - not expecting it to magically disappear just because you 'thought they would pay it'.
Settling them completely will at least make it to where when you apply for a loan or something that you can at least say 'they are all paid off'.
With that said - if you start making payments on them, it will bring them current, and can actually hurt your credit more. But at if you really want to fix it, at least its the first step towards getting rid of them.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.