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Medical Debt Collection-Settle now?


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I have over $10,000 in various medical debts now with IC Systems. Two of the largest, over half will be past the collection statute of limitations in six months. I would like to start making a settlement with them but should I wait until the two large debts are past the SOL? Or just make a lower offer on all now? What will help my credit the most?

Thanks

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Start here;

https://whychat.me/GUIDEBOOK.html

 

How are you figuring the SOL?? Medical accounts SOL start from the date of medical service.

 

Making a settlement offer before the SOL will only prolong the problem. AT BEST you will wind up with a "paid" or "settled" account on your reports. This will still be derogatory, but because it will be NEWER it will adversely affect your credit.

 

 

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2 hours ago, Why Chat said:

Start here;

https://whychat.me/GUIDEBOOK.html

 

How are you figuring the SOL?? Medical accounts SOL start from the date of medical service.

 

Making a settlement offer before the SOL will only prolong the problem. AT BEST you will wind up with a "paid" or "settled" account on your reports. This will still be derogatory, but because it will be NEWER it will adversely affect your credit.

 

 


Thanks. 

I am going by the date reported (from the collection agency) not the date of treatment. I guess I need to figure that out. Thanks. 

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The CA reporting date is AT LEAST 6 months after the date of medical service. Do any of your reports show the date the account will be removed?? If so, count 7 years back to find your DOLA for the starting date of your SOL

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On 11/18/2021 at 9:09 PM, Why Chat said:

The CA reporting date is AT LEAST 6 months after the date of medical service. Do any of your reports show the date the account will be removed?? If so, count 7 years back to find your DOLA for the starting date of your SOL


Perfect, thanks. Looks like I am safe with a few of them. 

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If you make any attempt to "settle" you will be resetting your SOL.

 

If you want to start getting them off your reports and the dates of medical service are at least 4 years ago then follow the guides;

https://whychat.me/GUIDEBOOK.html

https://whychat.me/GUIDE HIPAA PROGRAM.html

 

After opting out and deleting old addresses ( as much as possible) send each CRA where any PAST SOL medical accounts are reporting this;

https://whychat.me/hipaadisp.html

 

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