I have two collections left on my credit reports?

Ardelia
I have contacted both of them asking for a pay for deletion letters, and they both refused. The total of both is only 145.00. If I choose to not pay them until the 7 years is up, how will it reflect on my credit worthiness? Im in the process of refinancing my house, and if these two wont cooperate with me on getting them removed, then why pay? They are both hospital bills and 3 years old. What will it mean to my credit score this far out?

Lezlie
Over 90% of credit score is made up of the last 24-months of activity, if they will not go along with the pay for delete agreement don't worry about it.I had a collection on my credit that was larger then yours and it made no difference when I bought my home, they did ask about it and I explained what happened and that was that last of it.

Estelle
From a credit standpoint, there is NO reason to pay if they do not agree, in writing, to remove the item. It will not help your score to pay them. You can try to dispute the items with the credit bureaus. When they are over 2 years old, many times the creditor has shredded the source documentation that the FCRA requires them to have to verify a debt. And anyone that tells you that you can't dispute items that are really yours is either lying or has no idea what they are talking about.As far as how bad it's hurting you, my guess is not that much. The scoring mechanisms are set up on a weighted scale to give newer items more impact on credit score. Good luck!

Shantay
Who refused, the collection agency or the original creditor? If you were dealing with the collection agency, they don't have the power to remove them anyway. I would suggest you go to the doctor or hospital direct and pay. That way they will get full payment, I would ask at that time if they would delete for you. As far as the refi goes, entirely up to underwriting. Your collections may not even be an issue.

Gussie
Medical bills/hospital bills are the ruination of many many peoples credit!

Cary
Best to pay them now and demand that they remove this from your credit report. after the discussion send them this rebuttal letter. 145 dollar looks just as bad as a 5k balance. Dear Creditor, Re: account no.This is to confirm the settlement offer agreed upon by me and your customer service representative <name>, <phone no.> on <date.>I really appreciate that your company is willing to work with me in settling this debt.The amount we agreed to settle this debt in full is $_____. However, any references to late payment or charge offs on this account MUST be removed from my credit file.If the above terms are acceptable to your company, please sign the attached letter of agreement and return the copy to me. Only upon the receipt of the ?signed agreement?, I will send you a money order in the amount stated above.Yours truly, Your SignatureYour NameEncl: <list of attachments>

Hazel
If those are the only blemishes on your report, it will probably not preclude you from getting a mortgage. The longer ago they are, the less they will effect your score. It all depends on your overall credit picture. If you consistently miss payments on other trade lines, they will be part of a larger picture that will hurt. If everything else is always paid on time, I wouldn't worry about it too much. Worst case, the lender may ask you pay them out of the proceeds of your loan, but even that may not be necessary.

Andy
I cna't believe you would risk your credit to steal $145!They will still be there in 7 years. Having them there now as paid/closed is a whole lot better then in collections.

Ariana
You're willing to screw up your credit over $145 in medical bills?

Dave
dude, pay the money. you owe it you pay it, it's what society is based on.