Search the Community

Okay here it is in a nutshell.... This is the baddies that are haunting me. My question is where should I start? What would you do? 5 charged-off and paid student loan collections from Citibank last reported activity on all these was back in 2008. (I have sent a GW letter regarding their removal) Midland Funding is reporting to all three credit bureaus a debt for a JCPENNEY card (see #5). They are reporting to TU $1174, to EQ $1182, and to EX $0. (I disputed these debts a long time ago) It also appears they are double dipping on my credit report, but I won't know till I receive the actual hard copied reports from the 3 CB's I have a total of 14 separate medical collection through Paramount Recovery for Questcare. These total over $5000. I did try PFD and they refused they instead were willing to list it as PAID. I did pay one to see what would happen. They did report it as PAID and it removed the derogatory remark and the date didn't change. (I am not sure if I should touch many of these....they will fall off in the next 3 years). RJM Acquisition LLC collecting for Compass Bank in the amount of $911 and reporting only to TU and EX. This one should fall of next year they did offer me a settlement for PFD, but they are falling off next year. JCPENNEY's is showing up on my EQ report only showing an open date of 08/01/2001; a credit limit of $0, a monthly payment of $34; a balance of $693; a last reported date of 07/01/2009; it shows closed, and amount past due of $242??????? This is also being collected by Midland Funding (see #2) This is only on EQ, but shouldn't it be removed since Midland is trying to collect it. It is due to fall off next year. I think??? Commonwealth Financial collecting for I believe Questcare in the amount of $350. Reporting to TU and EQ. This one is a recent debt from 2013. OHHHHH and last, but not least I owe $41,000 in defaulted student loans through Texas Guaranteed OC is Citibank see #1. (I just started the rehabilitation program and will be completed with it in December 2014). So this is it. What should I do with all this? You all give the best advice so I know I have come to the right place. I can use some help. Thank you.

I know that it sometimes is a bad thing to pay off collections, but something interesting happened when I paid a medical collection with Paramount Recovery. I first called and they said they would list it as "Paid" and not "Paid Collection". So fine. I forked over the $54. Well now that my credit report is updated it shows that 1 derogatory remark was removed. It was for the medical collection that I had paid. So not only did they list it as Paid and Closed, but as far as I can see they didn't create a new date to extend it the 7 years.... and it was removed from my Negatives??? I have a total of 14 medical collections with Paramount and they all have the same OC. If this is the case should I just pay them all off. I tried doing the Pay for Delete with them and they will not do it. They said they would only do it if I pay all $5,000 of what I owe (all 14 collections). I can't do that, so is just paying with them taking off the negative derogatory remarks good enought to improve my credit?? Thank you for all your help. I feel so much better about my credit because of all the advice I get from you all.