GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Fri Aug 01, 2014 6:59 am




Post new topic Reply to topic  [ 3 posts ] 
Author Message
 Post subject: An unknown debt went into collections! Help please?
PostPosted: Thu Mar 15, 2012 5:48 pm 

Joined: Thu Mar 15, 2012 5:41 pm
Posts: 1
Hello - I try to do my absolute best to make sure my credit score and history is the best it can be. I received a letter today indicating I had a debt that went into collections. It tells me I can refute it by sending in a notice. I went through my bank history and I do think it is a valid debt, the thing is, I don't think I received any bill or notice. I pay all my paper/nonrecurring bills immediately to avoid ever forgetting to pay them. This is a medical bill for a small amount at a diagnostic laboritory. At the time that the orginal bill was released, I was in the middle of moving. I had my mail forwarded immediately, but do not ever recall receiving any type of bill. What is the best was to handle this? Is it possible to get it taken off of my credit report even though I do agree that it is a valid debt? Also, it was for a medical bill that I would think my insurance would have taken care of, so I was never even expecting a bill for it. HELP PLEASE!


Top
Offline Profile E-mail   
 Post subject: Re: An unknown debt went into collections! Help please?
PostPosted: Fri Mar 16, 2012 6:54 am 

Joined: Mon Nov 01, 2010 5:15 pm
Posts: 1123
Quote:
What is the best was to handle this?

Pay it.

Quote:
Is it possible to get it taken off of my credit report even though I do agree that it is a valid debt?

No. When you pay it it'll show up as a paid collection.

Quote:
Also, it was for a medical bill that I would think my insurance would have taken care of, so I was never even expecting a bill for it.

Many times insurance will exclude lab tests. You'd need to review your insurance policy to be certain.


Top
Offline Profile E-mail   
 Post subject: Re: An unknown debt went into collections! Help please?
PostPosted: Mon Mar 19, 2012 11:28 am 

Joined: Fri Sep 12, 2008 12:29 pm
Posts: 1599
Location: Seattle, WA
I agree that you should and must pay it. Medical billers are notorious for sending things to collections after only making the minimum effort to bill you directly. Also, not knowing about a bill does not excuse you from paying it unfortunately. I have been there myself - for instance accidentally used a credit card I hadn't used in a few years, and it turned out I never updated the address they had for me.

The bill may be covered by your insurance; again, some medical providers don't put much effort into figuring out who owes them the money. Pay the bill yourself and then talk to your insurer to see if it was covered and get reimbursed.

Sometimes you can negotiate with the collector to remove the item from your report if you pay it in full immediately. It doesn't hurt to ask. Try to get it in writing if they do agree.


Top
Offline Profile   
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ]  Moderators: kombat, bpgui, JerichoHill


Who is online

Users browsing this forum: Yahoo [Bot] and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki