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havefaith01

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Texas statute of limitations for medical collections. It's for $70
I have a $70 medical collection from November 2010. They have "renewed" this collection as of April 2016 and it has dropped my FICO score over 30 points! I just found out today because I got denied credit and I was investigating the reason. Are the statute of limitations for Texas out on this one since it's been 5.5 years? If not, how in the world can I get them to take this off my credit if I pay the $70? This is now messing with loans for college. Please advise.. thank you!

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The statute of limitations only applies to them time allowed for the collection attempts.  All credit accounts will be showing on credit reports for 7 years since that is the normal history time frame.  There must be something else on your credit reports that is causing your problems.

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Statute Of Limitations usually refers to the length of time the creditor can file lawsuit and seeking judgement against you.

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Then there is 7 1/2 year reportable date, the length of the time that derogatory mark/account can be on your report, some jurisdictions like New York might have shorter reportable date with certain types of account, I think it's 5 years with paid collection account, but do NOT quote me on it.

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The removal date/reportable date dose NOT change, regardless when account was opened or closed, doesn't matter when it was send/sold to collection, doesn't matter if the collection agency brought that debt 5 years later or if it's 7th collection agency owns debt. It's 7 1/2 years from when the bad mark happened, tend to be when was last time you didn't pay that lead up to such action.

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If it's just 70 dollars? I would ask "pay for delete" agreement in "writing". Even if it doesn't work? I might just paid it anyway, I do believe FICO 8 and some other scoring models ignore paid collection under 100 dollars when calculating your scores.

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The only new thing that has popped up is the $70 medical charge that shows from April 2016.  And the reason I got denied was because of "Number of months since the most recent 60 days or more delinquency or derogatory occurrence".  Then when I came on here, it said that medical collection had been made on my credit history at the end of last month.  I will look into the agreement that was mentioned... thank you for the help!

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