The collection agency is willing to take 30% of my bill and settle so i can get a loan

Hello Majors,

Thank you so much for your blog. Quick question, I had a medical bill that went to collections, my credit score which was 720 dropped to 660, I have called the collection agency and asked them to negotiate, they are willing to take 30% off the bill. They said they will take it off my credit. However, is this true? Do they really take off a collection off your credit report? Or does it stay there for 7 years? How does this work?

Thank you so much!!!

LIVE HUMAN
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Bo Majors
LIVE HUMAN
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Jan 22 (6 days ago)
yes they can get written confirmation before you pay. sounds like a great deal take it