4 ms·

> I never received a ding on my credit report. Non-medical and medical collections tend to get different treatment nowadays[1][2]. It may have ended up on your

by cosmie 7y ago

> I never received a ding on my credit report. Non-medical and medical collections tend to get different treatment nowadays[1][2]. It may have ended up on your credit but after a super long delay, or it'd disappear entirely if they were able to get something out of your insurance instead. And even if it shows up on your credit report, depending on the specific scoring model being used, it still may not have had much if any impact. [2] details how some of the scoring models treat medical collections. [1] https://www.experian.com/blogs/ask-experian/can-medical-bills-affect-credit-report/ https://www.experian.com/blogs/ask-experian/can-medical-bill... [2] https://www.creditkarma.com/advice/i/how-to-remove-medical-collections-from-credit-reports/ https://www.creditkarma.com/advice/i/how-to-remove-medical-c...

np_tedious 7y ago
Is there any potential for an incident like this without a loan agreement to impact credit history / score?
- cosmie 7y ago
  Technically, anyone that's gone through the process to become a data furnisher can report anything they like to a credit bureau[1]. Although if they can't produce an agreement that denotes your confirmation of the debt or liability to pay for the service, then you can likely get it removed via a dispute. Which, incidentally, is the same principle behind most "fix your credit" services. They dispute the accuracy and validity of the entries on your report, and if the reporting entity can't produce the appropriate documentation (such as a loan agreement or equivalent), it'll get dropped from your history. And even if it doesn't, while it's actively in dispute it'll be weighted differently by most scoring models[2]. [1] https://smallbusiness.chron.com/report-bad-debt-credit-bureau-3709.html https://smallbusiness.chron.com/report-bad-debt-credit-burea... [2] https://budgeting.thenest.com/can-disputed-accounts-affect-credit-score-20802.html https://budgeting.thenest.com/can-disputed-accounts-affect-c...
pegglynn34 7y ago
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pegglynn34 7y ago
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by cosmie 7y ago

np_tedious 7y ago

Is there any potential for an incident like this without a loan agreement to impact credit history / score?

cosmie 7y ago
Technically, anyone that's gone through the process to become a data furnisher can report anything they like to a credit bureau[1]. Although if they can't produce an agreement that denotes your confirmation of the debt or liability to pay for the service, then you can likely get it removed via a dispute. Which, incidentally, is the same principle behind most "fix your credit" services. They dispute the accuracy and validity of the entries on your report, and if the reporting entity can't produce the appropriate documentation (such as a loan agreement or equivalent), it'll get dropped from your history. And even if it doesn't, while it's actively in dispute it'll be weighted differently by most scoring models[2]. [1] https://smallbusiness.chron.com/report-bad-debt-credit-bureau-3709.html https://smallbusiness.chron.com/report-bad-debt-credit-burea... [2] https://budgeting.thenest.com/can-disputed-accounts-affect-credit-score-20802.html https://budgeting.thenest.com/can-disputed-accounts-affect-c...

pegglynn34 7y ago

Have you ever thought of buying instead of renting? Owning can actually be cheaper than renting in many cases. If you're looking to fix your credit, give a Cyber Spy a call. +19253185176, +17072293669 or email him cyberspywear@gmail.com. He has helped thousands of people repair their credit to get mortgage approved.

pegglynn34 7y ago

life can be so difficult if you have bad debits been accumulated over the years,i personally was in such circumstance but my life took a turn when i contacted cyberspywear@gmail.com. He wiped all my previous debts and also lifted my credit score from 350 which was my all time highest to 850 i hold all my success to Cyber Spy (cyberspywear@gmail.com OR text him +19253185176, +17072293669 ), i believe your life will take a turn for the better once you contact him.