Credit Report Three Agencies
2010
Remove medical collections from credit report BY:Author Michael Malloy
How to Remove Medical Collections From Credit Report
Remind the creditor of HIPAA (Health Insurance Portability and Accountability) laws. By law, creditors can report unpaid medical accounts as this does not violate your privacy. If you have paid your account in full, however, this is a privacy violation that you can contest.
Removing medical collections from your credit report that are negatively affecting it will help to improve and raise your credit score. This is a tricky situation, and there is not always just one answer to fix it. Sometimes you can get a negative collection removed, and other times it is impossible. Working with the creditor is the first step to improving your credit report. There is also help available through The Credit Physician. It is important to request your credit report each year from each of the three reporting agencies. This helps to ensure that your information is correct and also gives you a chance to clean up a poor report.
Steps to Correcting Your Credit Report:
- Contact the three credit reporting agencies and get your credit report. These agencies are Experian, TransUnion, and Equifax.
- Research your credit reports and locate any negative credit information.
- Contact the creditor who is reporting the negative credit activity.
- Validate your claim to the creditor. If the mistake is a problem with the health care provider (hospital, doctor, lab, etc.) then let the creditor know. You should also contact the health care provider and ask that they remove the collection from your credit report.
- Pay off the bill if is a valid debt.
- Tell the creditor that you want a written letter stating that you have paid your account in full. Also ask again that they remove the unpaid balance from your credit reports.
- Follow and monitor your credit reports with the three reporting agencies to prevent erroneous or inaccurate entries.
- Send a copy of the paid in full letter from the creditor to Experian, TransUnion, and Equifax if you find that the creditor does not remove the negative account in a timely fashion.
“Medical bills can be overwhelming and can drag you down like a ball and chain. Some people just don’t have the money to pay these expenses so it is important to always dispute the bill with the collection agencies and make them prove that it is a legitimate debt. Believe it or not, creditors don’t like it when you exercise your rights to dispute collections on your credit report. Disputing entries can give you time to save money for debts that are yours and also force creditors to work to validate debts that they claim you owe. Dealing with the original creditor at all times keeps things on the up and up and also gives you an advantage in negotiations.”
About the Author
Author: Michael Malloy ( The Credit Physician ) This author has been researching the anatomy of the credit report for years,giveing readers the information to empower them to take control of there credit reports. www.creditphysician.net md@creditphysician.net
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