Paying State Taxes Lien vs. Paying Medical Bills

Mar 142011
 

I need advice on which would be best for me in improving my credit score.

 

I have a tax lien of $1738.00 and it is elligible for a 12 month payment plan which I have signed up for.  I will have the amount to pay this in full come April 1st however I also have approximately $1600.00 in medical bill collections (6 accounts total) and was wondering which would make more sense in paying?  Should I do the monthly plan for 12 months with the tax lien and use the available monies for the medical debt?

 

Thanks for the advice. 

Collections Account – How should they be reported?

Jan 282011
 

I have two CAs reporting differently to TU, EQ, and EX…

 

On EX, they are listed as “installment accounts” with one month terms.  One has 24 month payment history completely full of 120+ late, even after I paid.

 

On EQ, they are listed as “open accounts” with no terms listed.  One was paid off in June 2010 but is reported as 120+ late in December 2010.

 

On TU, they are both listed under the collections account section.

 

How are they supposed to look?  Are there regulations on these accounts?

Charge off showing 45 times

Dec 092010
 

Does this look right?

I disputed a chargeoff with Verizon Wireless.  They erased the late charges that used to show and CO in 2/08 with all charge off’s in the history section.  I recently received a settlement check from them for illegal Early Termination Fee’s class action lawsuit.  I would not pay the ETF and that is the cause of the original lates and chargeoff. I did pay the account until 2009.  Can I use the settlement letter to send to the CRA’s to get this inaccurate TL deleted? Can they replace previously late payments with CO every month?

 

Date Opened: 11/2001 Balance: $0
Date Reported: 11/2010 Amount Past Due:
Date of Last Payment: 10/2009 Actual Payment
Amount: $428
Scheduled Payment
Amount: $0 Date of Last Activity: N/A
Date Major Delinquency
First Reported: 02/2008 Months Reviewed: 20
Creditor Classification: Activity Description: N/A
Charge Off Amount: $0 Deferred Payment Start
Date:
Balloon Payment
Amount: $0 Balloon Payment Date:
Date Closed: Type of Loan: Telecommunication/Cellular
Date of First
Delinquency: 09/2007
Comments: Consumer disputes this account information,
Charged off account
81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 * * * * * * * * * *
2009 CO CO CO CO CO CO CO CO CO CO CO *
2008 CO CO CO CO CO CO CO CO CO CO CO CO
2007 CO CO CO CO CO CO CO CO CO CO CO CO
2006 * * CO CO CO CO CO CO CO CO CO CO
2005 * * * * * * * * * * * *
2004 * * * * * * * * * * *

Student Loan sent to CA (offering rehab)

Aug 112010
 

Any help/advice would be appreciated.  I had two student loans (CSA) that went into collection (progressive) and has been in collection the past 4-5 yrs.  Each loan amount is only $2000 each and the CA offered a rehab program (9 month payment) at which time, the negative report will be removed.  I heard from the board that the government offers rehab program and wanted to know if the rehab program offered by the CA is legitimate.  I know that paying off the collection will result in the negative being in my CR for a long time and wanted to know if the rehab program the way to go.  I also wanted to know what the monthly payment would be for joining the rehab program.

 

Thanks a bunch.

 

 

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