MERCANTILE ADJUSTMENT Removed today (Med collection!) .. Advice??

[Joeyzoom208]

I am floored ... I had a COL from Mercantile Adjustment on my EXPERIAN for 3 years now, for an old hospital bill. $1200. I called them today, of course they were rude and demanded payment, so I called the OC (hospital) and was informed that they FORGAVE this debt in 2012!!! It should have never been reported at all!! So, the rep called MERCANTILE and they immediately agreed to delete and sent the electronic request to delete from all three bureau today!!! I am told this will only take 24-48 hours to remove by Experian (Ive had collections removed before and it is correct -- super fast!).

 

Now, this collection was added in 2011, and is reporting as unpaid since 2011. Will this deletion likely see a score bump?? My AAofA is 7 years, oldest 13 years, score FICO 8 is 631 .. this is my last major baddie except for 3 30-day late from 11 months ago on student loans. All else 100% current, 6 open credit cards all perfect and UTIL lowering by the day. Im told the only way collections give a score bump is by their deletion, so here's hoping!!!! Weigh in please credit experts :-)

[Why Chat]

Follow the guides:

http://www.whychat.5u.com/GUIDEBOOK.html

 

http://www.whychat.5u.com/GUIDE%20HIPAA%20PROGRAM.html

 

The account may or may not be deleted, if it is not you can send the initial dispute letter to the CRAs

http://whychat.5u.com/hipaadisp.html

 

I would never trust a CA to do anything they promise to do, they all lie like a rug.

[Joeyzoom208]

I have the confirmation of the electronic deletion so I have it if need be! :-)

[Why Chat]

I have the confirmation of the electronic deletion so I have it if need be! :-)

Have you checked to see if it is reporting to the other CRAs??

 

I hope you are correct and you get a complete deletion, however it seems unlikely.

[Joeyzoom208]

I confirmed with the OC (hospital) and the supervisor who sends the credit info to CRAs...I have a confirmation number. The electronic deletion was sent today at 1pm. It should update in 24-48 hours, if not Ill hound them. my concern is more with my score bump!!! I am planning on an app spree soon and want my scores at 680+ :-)

[Why Chat]

I confirmed with the OC (hospital) and the supervisor who sends the credit info to CRAs...I have a confirmation number. The electronic deletion was sent today at 1pm. It should update in 24-48 hours, if not Ill hound them. my concern is more with my score bump!!! I am planning on an app spree soon and want my scores at 680+ :-)

OC health care providers are prohibited from reporting directly to the CRAs , ALL medical accounts are reported by CAs. I don't know who sent what to whom in your case, but it was certainly NOT any direct communication from the OC to any CRA.

[Joeyzoom208]

Collection agency (MERCANTILE ADJUSTMENT) deleted overnight! Score bump of a whopping 5 points to 636, but its something :-) it was a 4-5 yr old collection so yea....! Thank you guys.. now to wait for my UTIL to come down 20% end of months reporting !!!!!

[Why Chat]

I am consolidating your posts. It is counterproductive to have more than one thread going.

 

Follow the guides:

http://www.whychat.5u.com/GUIDEBOOK.html

http://www.whychat.5u.com/GUIDE%20HIPAA%20PROGRAM.html

Your initial dispute letter may get you an easy deletion:

http://whychat.5u.com/hipaadisp.html

 

Posted Today, 02:30 PM

Hi all! So I recently succeeded in getting my second last collection off of my bureaus -- a medical collection of $1200 with Mercantile Adjustment. The hospital actually forgave the debt 3 years ago but never reported it to the COL AGENCY and it finally came off thanks to my due diligence. Got a 5 point score bump too :-) At 636 now (EXPERIAN), up from 578 just in July!!

NOW, I have one more due to age off in November (Experian is excluding early for me).. California Buisiness Bureau. The balance is $1705 with the hospital (OC) but they want $2200 to pay it off and they will delete early...extortion if you ask me!! I declined and want to know if theres ANY WAY to get this off early based on HIPAA, or DV or disputing? I tried disputing with CRA (EXP) and they just came back validated. Are there any other options for me to be aggressive or should i just wait ? The collection is from early 2009, so I imagine it barely hurts my score now? The collection removed overnight was from 2011-2012, much more recent.

Any advice would be appreciated! I want t have a clean report when I app spree for new cards in October/November, so waiting wouldn't kill me, but I'm impatient. I have $10,850 in credit, at 43% UTIL - paid down to 29% which will report end of month. So expecting a bump there too! Thank you all for advice -- you are all wonderful here!!

Edited September 15, 2015 by Why Chat