This is my first post here. My ultimate goal is to be able to refinance my sub-prime 2-28 mortgage in one year (I'm 6 months into it now). I negotiated the ability to refinance this mortgage after one year with no penalty. It cost me half a percent. I need to be able to get my scores into shape so that I can get a good rate (not sub-prime), fixed for 30 years. I wanted to run this by you all first..... I became aware of an unpaid medical bill over a year ago when a collection agency contacted me about it. I settled it immediately. It was actually my responsibility and not an error on anyones part. We moved and I just didn't get the bills from the hospital. First question is: How is the snippet below (from TrueCredit) affecting my credit scores? TU EX EQ Account No.: XXXXXX XXXXXX XXXXXX Original Creditor: XXXX XXXX XXXX Responsibility: Individual Individual Individual Condition: Paid Paid Paid Original Balance: $245 $245 $245 Balance: $0 $0 Date Opened: 03/2005 03/2005 03/2005 Date Reported: 03/2006 03/2006 03/2006 Remarks: [TransUnion] Paid collection [Experian] [Equifax] Medical Second Question: Is there a realistic way to get this removed? Looking forward to a lot of good advice over the next months. THANKS in advance.
If it is accurate, you may or may not be able to get it removed if you disputed it thru the CRA, depending in whether the CA responds. You can try. This paid collection is now presumably 1 year old. From a broader view, how much is this one account affecting your scores, compared to other problem TLs. In other words, as you rank the effect of this TL, vs. others that depress your scores, where is it most worth putting your efforts? Since anything you do will take both time and effort, attack your problems in the order they are likely to pay off, realizing that some problems, such as paid collections with some time on them, will fade by themselves in the meantime.
