All valid negative entries on a credit report remain for the required time limit. Medical bills that were referred to collections would remain on the report for 7 years even if they are paid. The impact of paying a debt upon one's credit score cannot be determined as scores are based upon the consumer's entire credit history.
If the bill was late enough to be sent to a collection agency, the collection of that bill has been turned over to that collection agency as well.
== == no they can not do so for a medical bill.
is there a time limit on the collection of medical bills in INdiana
Only after receiving a judgement.
Only if it goes to a collection agency.
they will send it to crediotrs and then a collection agency will call you.. your creidt score will go down
THERE ARE ALOT FACTORS INVOLVED WHEN POINTS ARE ADDED UNTO YOUR CREDIT SCORE. IF YOU PAY OFF AN OLD BILL YOU CAN RECIEVE ANWHERE FROM 15-20 POINTS ADDED UNTO YOUR CREDIT SCORE. If by the term "old bill" you mean a collection account, then paying it off may not raise your score at all. Credit scoring software disregards the balance (or lack of) on a collection account. The fact that the account is in default PLUS the "date last reported" are what cause deductions to the score. So if this "old bill" had not been recently updated and you pay it, causing it to be updated NOW to reflect a zero balance; you may have just significantly harmed your score.
It stays 7 years from the date of the late payment that caused it to be reported to the collection agency, even if you pay it off. In accordance with HIPAA, your medical information may be reported for purposes of collecting on an UNPAID medical bill. Once the medical bill is paid, there is no longer a permissible purpose for divulging your medical information. Therefore, a paid medical bill should automatically be removed form your credit file in accordance with HIPAA.
Yes, the debt is a legal "thing" and can be sold on to other organizations for collection.
Yes you can have it removed from your credit report. I had a similar issue with a medical bill. It was never delivered to me by the hospital or collection agency. I called the agency and explained this. They said I could pay it off and they would have it deleted from my record. They also said they will contact the credit bureaus to clear it off their records too. This happened earlier this month. I went to Equifax and disputed the collection on there end afterwards to make sure it gets taken care of. I'm just waiting to get confirmation now.
Yes, a medical bill is like anyother bill and it will drag down your credit score like if you didn't pay a credit card or auto loan.
Any unpaid medical bill will remain your responsibility until it is paid in full. If you don't have insurance to pay the bill for you, then you will need to pay the bill. You can be turned over to a collection agency if the bill is not paid. Either the provider or the collection agency will work out a payment plan with you. The easiest way is to call them and let them know how much $$ per month you can afford to send until the bill is paid off.
Yes, they will have you taken to a collection agency and that in itself is a bad mark on your credit.
get a lawyer? or pay the bill.
Yep! If the ambulance company turns your account over to a collection agency that agency might report the collection on your credit. Medical collections are the most common type of collection on a credit report.
No. If the bill was incurred when you were a minor, then the bill is your parent's responsibility. It would be illegal to put it on your credit report.
Dispute it in writing with the company. If it shows as a collection on your credit, contact the three bureaus and dispute it with them.
It is up to the debt collector. Some will, some won't.
go to court
Collection of Debt on Account6 yrs.Court Awarded Judgments10 yrs. §15-3-600
It will not lower your credit score significantly, but the damage will not be repaired immediatly. If you pay back the bill and garner no more outstanding debts, then your score will rise back to it's original level.
Nope: 6 years is the max, according to this:http://www.bcsalliance.com/y_debt_sol.html