I moved countries a few years ago and am building up my credit score from scratch. I’m cognizant of good practices to build up my credit score like paying my credit card on time. My credit score dropped 10 points in the last month but I don’t know why. I’ve increased my spending on my card because of Christmas and travelling but make the payments right away (typically same day) so that there is not a large balance on my card at the end of the month. The total spending for the month is less than 30% of my credit card limit.
I don’t have any other form of credit like loans. Any suggestions why there was a drop?
Yup, try your luck with the provider, and consider the collection company as a backup plan. Usually you can get a pretty good deal from one of them, but you need to be ready to pay in cash.
But yeah, if you can handle waiting 7 years, letting it fall off is the cheapest, but you’ll have crappy credit and are open to lawsuits until that time.
Man medical debt lawsuits are among the worst things in this country. Pure maliciousness. I imagine it’ll be one of the most reviled “past things” in the future.