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Credit Card vs. Medical Debt


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Is there a difference between entries on a credit report that are for credit cards vs. those that are for medical debts?

If there are 5 entries on my credit report for 5 credit cards in collections and 5 medical debts in collections which weigh more heavily against me or are they equal?

Does $ amount of the entry matter or is it simply that there is a debt in collections?

Most of the medical can be paid immediately, should letters requesting removal be sent first or with the payment?

We are at 478 and 524 on our joint reports and looking to be over 600 asap.

Any help appreciated!! This is an amazing site!

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Is there a difference between entries on a credit report that are for credit cards vs. those that are for medical debts?

In relation to how they effect your score, no.

Does $ amount of the entry matter or is it simply that there is a debt in collections?

The fact that there is a collection hurts the most, then the amount.

Most of the medical can be paid immediately, should letters requesting removal be sent first or with the payment?

A paid collection will be worse for your credit score. Your best option; If the account(s) are still with the OC you should call and ask them to remove the bad stuff in return for full payment. You may have to deal with the CA, who will be less inclined to offer you a PFD. Either way, get something in writing before you send payment.

We are at 478 and 524 on our joint reports and looking to be over 600 asap.

Any help appreciated!!

Your first step is to start disputing baddies with the CRAs. If you are pressed for time and have the means, start sending PFD offers.

-r

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