If you’re one of the millions of Americans who have Medicredit on their credit report, you know how frustrating and stressful it can be.
Medicredit is a debt collection agency that often buys up old debts from creditors and tries to collect on them.
If you’re dealing with Medicredit debt collectors, here are some tips to help you get rid of Medicredit from your credit report once and for all!
Is Medicredit legit?
Yes, Medicredit is a collection agency. It is a US-based company that specializes in medical debt collections.
The company has been in business for over 35 years and is one of the largest medical debt collectors in the country.
While Medicredit does work with insurance companies and hospitals to collect outstanding balances, they also work with patients directly to set up repayment plans.
What is Medicredit
Medical Credit is a debt collection agency that purchases old debts from creditors and attempts to collect on them.
Medicredit, as the name implies, purchases medical debt from hospitals and clinics.
Collection firms may obtain faulty data, to begin with, no doubt.
Perhaps you’ve already paid this debt, or it belonged to someone else in the first place.
It’s also conceivable that you genuinely owe the money Medicredit wants to get from you.
Regardless, we’ll teach you how to get this debt collector off your back as quickly and inexpensively as feasible.
How to contact Medicredit
- Send your letter to Medicredit Address: 111 Corporate Office Drive, Suite 200, Earth City, Missouri 63045-1506.
- Visit the Medicredit Website at: www.medicreditcorp.com
- Call the Medicredit toll-free number: (800) 388-7977
Will MediCredit take you to court?
In many circumstances, collections agencies will sue you to recoup the money you owe.
If a collection agency files a lawsuit, you must respond to it or the court may grant a summary judgment against you.
A judgment against you is a legal obligation to reimburse the money and, in some circumstances, they may even take it straight out of your bank account.
4 Easy Steps to Get MediCredit Collections Out Of Your Credit Report
Don’t let dealing with Medicredit debt collectors be a burden on your life. Here are some pointers to assist you get rid of Medicredit from your credit report.
1. Exercise Your Rights
The Fair Debt Collection Practices Act (FDCPA) spells out your rights.
According to the law, debt collectors must send you a written notice within five days of their first contact that includes the amount of the debt, the name of the creditor, and your rights under the FDCPA.
The FDCPA also prohibits debt collectors from making false or misleading statements, using abusive or threatening language, calling you before eight in the morning or after nine at night, and calling you at work if they’re told not to.
If a debt collector violates your rights under the FDCPA, you can sue them and recover damages.
You should also know that it’s illegal for a debt collector to threaten to sue you or garnish your wages unless they actually intend to do so.
2. Make Sure to Validate and Verify the Debt
Debt validation is the process of verifying that the debt is yours and that you owe the amount that the collector is asking for.
You can do this by sending a debt validation letter to the collection agency.
The collection agency must then provide you with proof that you owe the debt, such as a copy of the original contract or agreement, or a statement from the original creditor.
If they cannot verify the debt, they are not allowed to continue trying to collect it from you.
However, even if they can verify the debt, you still have options.
3. Try to Dispute the Debt
Dispute the Debt means that you are contesting the debt.
You can do this by sending a dispute letter to the collection agency.
In your letter, you should state why you believe the debt is not yours or why you believe the amount they are asking for is incorrect.
If you have documentation to support your claim, be sure to include it with your letter.
The collection agency must then investigate your claim and if they find that you are correct, they must remove the debt from your credit report.
4. Negotiate a Settlement With A Pay For Delete Agreement
Pay For Delete Agreement means that you agree to pay the debt in exchange for the collection agency removing the debt from your credit report.
This is not an easy process and you will need to be very persistent.
It is important to get everything in writing before you make any payments.
You should also make sure that you do not agree to pay more than the original debt.
Keep in mind: While a “pay for delete” agreement erases your debt record from your credit reports, it does not typically remove the “charge off” notation placed on you by your first creditor.
Finally, You Can Get Professional Help
In conclusion, if you are being harassed by Medicredit or any other collection agency, know that you have rights and there are things you can do to protect yourself.
Educate yourself on your rights under the FDCPA and take action if your rights are being violated.
A credit repair counseling can help you understand your rights and options and can even negotiate with the collection agency on your behalf.
Don’t let debt collectors bully you into paying a debt that you may not even owe. Fight back and take control of your finances today.