i have a two section query.
i got a letter from collection agency saying i owe to my insurance coverage corporate.
my insurance coverage top rate was 5 prior to it was cancelled for non cost.
if it was cancelled why could i owe ?
if i pay the 35 asap will they document it as a suite to credit score beueus?
the haven’t but.
You are $35 for the time before it was canceled.
If you rent an apartment, and do not pay the rent, and lose the apartment, you still owe the rent for the time before you were evicted. Same idea.
It probably already has been reported to the credit bureaus. That usually happens when they first contact the collection agency, even before you receive a letter from the collection agency.
Common Sense says
Guess what…it’s already been reported as a collection account…you got a letter from an agency, didn’t you?
Pay it and it will be listed as "paid collection account".
Probably if they have turned it to collections, unless it is an internal collections department. Call and make sure that is all you owe and don’t pay until they agree to not turn it over to your credit agency.
Did you pay your insurance in installments? If so, that $35 is the installment or amount you owe for the time you were covered (before the policy was canceled).