You Can Remove Medical Collections From Your CreditFederal laws give you the right to challenge any item on your credit report that you find is questionable.
You can remove any unfair collection by disputing it with the credit bureau where it is listed. This includes collections, negative items and late payments listed by Medical Collections.
In 1970, Congress passed the Fair Credit Reporting Act that allowed consumers to challenge items on their credit reports they felt were innacurate, misleading, biased, or just unverifiable.
When a dispute letter is sent to the bureaus, it is put through their review process. If the bureaus open an investigation with the creditors, the creditors have 30 days to send proof that the item is accurate and worthy of being on the credit report of the consumer. If they cannot (or will not) provide incontestable proof, then the bureaus are obligated to remove the item.
A "deletion letter" is what you want to get in the mail:
Most consumers who dispute Medical Collectionss on their own play a guessing game that the bureaus eventually win.
Unfortunately, a great number of dispute letter requests are deemed "frivolous" - which means the bureau will not open up an investigation with the creditor, and a stall letter is sent back to the consumer.
What are my chances of removing a Medical Collections from my credit report if I dispute it myself?
There are no real good studies to give accurate numbers of what the results are for people disputing their own credit. It's a guessing game. One statistic to keep in mind is provide by Lexington Law: Over 40% of the people who sign up with Lexington's services have tried to to repair their credit on their own and have turned to the trusted leaders in credit report repair for help.
If you're serious about removing your Medical Collections Listing, do yourself a favor and check out Lexington Law. Over 16,000 people are glad they did last year.
About the CompanyMedical Collections is headquartered in San Fransisco.
Also known as:
MEDICAL DATA SYSTEMS
MEDICAL DATA SYSTEMS, INC.
MEDICAL DATA SYSTEMS, IN
MEDICAL DATA SYSTEMS, I
MEDICAL FINANCIAL SERVICES
MEDICAL FINANCIAL SVCS
MEDICAL BUSINESS BUREAU
MED BUSI BUR
MED DATA SYS
MED HEALTH FINANCIAL SR
MED HEALTH FINANCIAL SRV
MED REV RECOVERY
MED SHIELD COLLECTION
MED-1 SOLUTIONS COLLEC
MED1 STATE OF MD
MED-HEALTH FINANCIAL S
MEDI COMM SERVICES
MEDICAL BUSINESS BUREA
MEDICAL BUSINESS CONSU
MEDICAL CENTER OF ARLINGTON
MEDICAL DENTAL BUSINES
MEDICAL EDGE HEALTH
MEDICAL FINANCIAL SERVI
MEDICAL PAYMENT DA
MEDICAL PAYMENT DATA
MEDICAL RECOVERY SYSTE
MEDICREDIT INC - NC
MED-REV RECOVERIES INC
Medical bills come fast and pile up quickly, and if you don't have the immediate cash to pay off what your insurance doesn't (or you don't have insurance) you might find yourself stuck with a Medical Collections on your credit report, throwing your score down the tube.
Why is the medical collection on my credit report?
A collections appears on your credit report as a last resort, put there by the creditor, or by a collections agency that has purchased the debt for pennies on the dollar. The collector will try and recollect what they can on the debt, with the threat of a score-dropping collections always ready to go.
What can I do about it?
Is a medical collections fair? Not always. Remember, the bureaus to not ask for proof of what a creditor or collection agency reports unless you dispute the listing. The burden of accuracy of your personal information is squarely in your hands.
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