Credit history: How to negotiate past unpaid balances?
My credit history was flawless until I was billed in an unjust manner. This was for a medical service that is funded by the provincial government (I heard provinces never negotiate debts). I haven't paid it out of principle. But now I realize it may be costing me financially as credit cards I applied to and were declined for might have been acquired had I not had this on my record. Credit cards that could prove financially very beneficial. The amount owed is about $500 and its been about 2 years (it went to a collection agency after a few months but they claim they did not buy the debt, rather they are just acting on behalf of the provincial government) so I'm wondering if its a good idea to attempt to negotiate with them to release me saying its 100% paid if i pay a percentage that is owed. You would think some money is better than no money. I've heard of people doing this with credit card debt and paying less than 50% on the amount owed. But is your tardiness of payment fully erased from your history? And how to know it is? And what is the best way of approaching the collection agency or the original biller?
Last edited by redflagguy2u on Jun 26th, 2017 2:40 pm, edited 1 time in total.