Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Paying Your Bills
Profile Image

Question By
heidiholosb

1 Contribution
1 Person Helped
should i pay oldest or newest collection account
i have 9 collection accounts from 2009 to 2013 i am in a position now to work towards paying off these medical bills and didnt know if it mattered if i pay oldest or newest first thank you for all of your help

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1136 People Helped
Most Helpful Response

Hi

Helpful to 8 out of 9 people

From what I understand, any negotiations with collections agencies restarts the clock on the statute of limitations, so use caution and do some reading on that. If it were me, I would tackle the most recent (newer) collection accounts first as the older ones will be first to fall off your credit report if you can't pay all of them. It would also be advisable to try to get in writing that the collection agency will remove the account from your credit, once paid. Keep in mind, paying off an account in collections will not remove the bad mark on your credit report, it will just show as paid.

Reply by
Sufianbear85

4 Contributions
9 People Helped
Helpful to 5 out of 5 people

I have never had a medical collection bill I paid in full that was NOT removed completely from my credit report.   All you have to do is ask them a "Pay for Deletion Letter" in exhange for payment in full.  Some agency's do not give out the letter but will give you a verbal agreement to remove it from your report completely. And in each of these cases, they have ALWAYS removed it completely from my credit report.  I have done this a total of about 9 times in the last 6 months. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.