Medical bills credit ratingQuestion:Hello, My question is that this
time last year my credit score was 740 aftercoming out of bankruptcy in
2002. I have worked hard to correct and build mycredit. However, I
became ill last year and gained many medical bills I couldnot pay and
my credit card was maxed at 3500. I stopped paying on my card andnow I
am over 180 days, I gained an “R9″ on my credit report and all my
medicalbills are now appearing on my credit file. I am much better now
and able toreturn to work, however, my credit is ruined and for a long
time I understand.My family says I need to do a settlement with the
credit card company so the R9will be removed in 7-10 years and interest
will not continue. Is this right?Also, the medical bills come to a
total of 1200, and if I pay them off will theybe removed as soon as I
pay them or how long does it stick? What is best, paythem all or leave
it? I was told that the damage is done, and the end result isthe same,
if I pay it, it still stays for many years, if I dont pay it, it
stillstays for the same amount of time. Is this right? I do not have
money to waste,and I want to build my credit back up given that I need
to be able to get a loanfor a place to live since I now will be going
through a divorce as well. Also, Ihave fallen behind on my mortgage
when my ARM changed, so yet another hit on mycredit. How can I speed up
getting my credit score back up? I am at a 500 rightnow.Answer:Well, as
it is you are nearly a ruined bruin. You might be able to file
bankruptcy again and shoot yourself in the other foot, you might be
able to pay them all off and waste your money as others seem to have
told you since it will stay on your credit for the full time allowed by
law unless you waste a great deal of time and money trying to get it
all off your credit report. Whether you do it yourself or hire some
credit repair organization to do it for you statistics show that the
results are about the same. So it would seem that no matter what you do
it is going to take a huge amount of time, money and effort to get
yourself back up to the 700 level and beyond.Obviously you are likely
to get sued multiple times and that will tank your score even more on
top of leaving you even less money to work with.So why not do it my way
and get paid handsomely for doing it? My way is much more likely to
succeed and may do it even more quickly than other methods.My way
teaches you how to legally turn the table on the debt collectors and
make them do your credit repair for you and pay you instead.Of course I
can go into a long detailed explanation here but if you want to learn
how to do it you will have to commit yourself to a program of study and
research so you might as well get started now rather than later. You
will be glad you did. I’ll even teach you how to get paid for doing
your homework. You will find out how to do that for free by following
the links below.Bill Bauer405-684-9297405-227-9423
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and think about this. Its all about fighting poverty. Although we may
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homeless people is growing rapidly. While many of the homeless have
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Posted By Creditwrench to creditwrench at 8/17/2008 06:37:00 AM