Who is Medicredit?
Medicredit, Inc. or Medicredit Corp is a third-party debt collection agency that specializes in recovering unpaid healthcare bills. Based in Earth City, Missouri, the company has been operating for several decades.
If you see Medicredit Corp listed on your credit report, it usually means that you have an outstanding medical bill. This could be a bill that you’ve forgotten to pay or a bill that was not fully covered by your insurance provider.
Who does Medicredit collect for?
Medicredit operates primarily within the healthcare industry. The company collects debts for a wide range of healthcare providers, including doctors’ offices, hospitals, and other healthcare providers. They purchase past-due medical debt for a fraction of the original amount owed with the hope of collecting on these debts and making a profit.
Is Medicredit legit or a scam?
Medicredit is a legitimate debt collection agency. They operate within the legal frameworks governing debt collection and are authorized to collect on behalf of their clients. However, it’s essential to verify any debts Medicredit claims they owe before making any payments.
How can I remove Medicredit from my credit report?
Medicredit collections can hurt your credit score and remain on your credit report for up to seven years regardless of whether you pay it or not. Unfortunately, paying the collection could even lower your credit score.
However, it is possible to remove a collections account from your credit report before seven years.
(While debt collectors may not want this information to be widely known, it’s your right to be informed.)
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Medicredit, Inc. Contact Information
111 Corporate Office Dr. Ste 200
Earth City, MO 63045
Phone number: (800) 888-2238
Should I contact or pay Medicredit Corp?
It’s best to avoid speaking to a debt collector on the phone. And making payments on the debt will reset the clock. As a result, it could harm your credit rather than improve it. Of course, there are times when it’s best to just pay the Medicredit collection account, especially if it’s new and you’re sure that it’s legit.
The most effective way to deal with Medicredit is to work with a credit repair professional. They help remove millions of negative items every year from companies like Medicredit on behalf of their clients.
Will Medicredit sue me or garnish my wages?
While it is technically possible for Medicredit to sue you for an unpaid debt, it’s generally considered a last resort. If Medicredit were to sue you and win the case, they could receive a judgment against you that could allow them to garnish your wages or bank accounts, depending on the laws in your specific state. However, this is typically an expensive and lengthy process, and most debt collection agencies prefer to avoid it if possible.
Medicredit, Inc. Complaints
Most collection agencies have numerous complaints filed against them with the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and the Better Business Bureau (BBB). Most consumer complaints are about inaccurate reporting, harassment, or failure to verify a debt. If a debt collector is harassing you, you may want to consider filing a complaint.
You have many consumer rights under the Fair Credit Reporting Act (FCRA) and the Fair Debt Collection Practices Act (FDCPA). These rights include the ability to dispute credit reporting errors and to be treated fairly and respectfully by debt collectors.
Your Rights When Dealing with Medicredit, Inc.
Debt collectors must abide by state and federal laws in the United States. For example, the FDCPA prohibits a debt collection company from using abusive, unfair, or deceptive practices. In addition, it provides you with many rights to ensure that collection agencies don’t take advantage of you. In particular:
- It is a violation of federal law for Medicredit to report inaccurate or incomplete information about you.
- You have a legal right to request debt validation on an alleged debt. Send the collection agency a debt validation letter. By law, they have 30 days to prove to you that the debt is really yours and the total amount is accurate.
- Medicredit may not threaten or harass you, call you repeatedly, swear at you, or publicly publish a list of debtors.
- Medicredit must be honest about who they are and what they are attempting to do. They must notify you that they are a debt collection agency both orally and in writing.
- Medicredit cannot threaten to have you arrested or imprisoned over unpaid debts.
Remove Medicredit From Your Credit Report Today!
Credit Saint can assist you in disputing Medicredit accounts. With years of experience at their disposal, these professionals have a proven track record of effectively removing incorrect entries for countless clients.
If you’re tired of dealing with debt collectors and want to improve your credit, consider working with a trusted credit repair company.
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