Have you heard from MiraMed Revenue Group about a past-due medical balance? If so this collection agency could be pulling down your credit score.
Fortunately, you can get MiraMed off your credit report and out of your life by following the strategies below.
Is MiraMed Revenue Group a Scam?
The first question a lot of readers ask about MiraMed Revenue Group is whether it’s a scam.
So let’s get this out of the way right now: This Illinois-based operation is not a scam or a fraud. It’s a legitimate third party debt collector, and it believes you owe it some money.
If you’re getting phone calls, emails, or snail mail from this agency, don’t ignore them. Ignoring these attempts to collect a debt just limits your chances to keep this company from harming your credit score.
Headquartered in Lombard, Illinois, MiraMed Revenue Group, LLC, has been in business since 2007, helping health care providers collect past-due balances.
As a mid-sized collections agency, MiraMed has more than 4,000 employees in its Illinois, Michigan, and California offices. The firm also offers business process outsourcing to healthcare providers.
MiraMed Revenue Group also does business as M2 Revenue Group, and the business name can appear on your credit report as:
- Miramed collection agency
- Miramed rev group llc
- Miramed revenue
- Miravie collection
- Mmrgpayment com
How Does MiraMed Revenue Group Work?
MiraMed is a third-party debt collection agency. This firm works on behalf of hospitals and clinics to collect their old debt. MiraMed profits when patients who owe money make payments.
If you forgot about a bill from a hospital, doctor’s office, or health network, your healthcare provider could send your account information to MiraMed.
Unless you ask for other arrangements, MiraMed has the right to contact you by phone, mail, or email — using your contact information which it got from the original creditor — until you pay off the balance.
MiraMed Revenue Group and Your Credit Score
In the meantime, you could see a new negative item on your credit report, which can stay there for seven years — even if you pay the outstanding balance.
The negative credit effects from a collection account will fade with time, but derogatory marks like this can still do damage, keeping you from getting the best interest rates on credit cards or other consumer financings.
To avoid this damage to your credit life, take the steps below to ensure that MiraMed doesn’t just stop contacting you but also removes the derogatory marks pulling down your credit score.
3 Ways to Remove MiraMed Revenue Group from Your Credit Report
It may seem easier to simply ignore MiraMed’s calls and letters, but you should avoid this temptation. Delaying action will cost you more, limit your options, and complicate the situation.
Using one of the three approaches below, you can get this collection agency removed from your credit report quickly and easily.
1. Seek Debt Validation from MiraMed
The federal Fair Debt Collection Practices Act gives you the right to ask MiraMed to prove you actually owe the debt. You’ll have to seek this debt validation within 30 days of MiraMed’s first contact with you.
Write MiraMed a basic debt validation letter to find out whether you actually owe the money. You may have already paid the bill to the original creditor. Or you may have entered a payment plan with the creditor. Or, MiraMed could have gotten your personal information by mistake.
It’s MiraMed’s duty to show proof that you owe the debt and that the debt is reported accurately on your credit report.
MiraMed may not be able to validate your debt. If it can’t, it’ll have to remove you from the agency’s call list and remove the negative entry from your credit report.
If MiraMed does provide accurate documentation showing you owe the money, you’ll need to move on to step 2.
The key to debt validation is acting quickly. You have 30 days from the time that MiraMed first contacts you about your debt, according to the FDCPA.
If 30 days has already passed, move on to step 2.
2. Seek a Pay-for-Delete Agreement
If your 30-day window to seek debt validation has closed — or if MiraMed documented that you owe the money, your next step will be to negotiate a payment on the balance due.
This doesn’t mean you should give up and pay off the amount you owe — assuming you can even afford to do that. Paying the balance will not improve your credit score very much if at all.
Instead, make your payment contingent upon getting the negative item removed from your credit history. This is called a pay-for-delete agreement. You pay the agency only after it has agreed to remove the collections account entry from your credit report.
What if you can’t afford the full balance due? That’s OK. You could negotiate down to an amount you could afford to pay. I recommend offering to pay half the debt in exchange for removing the collections account from your credit history.
Why would MiraMed agree to take only half the balance due? Because anything you pay helps the agency make a profit.
To make this work you have to get the pay-for-delete agreement in writing. In a phone call, an agent may agree to your terms and accept your payment. But then, if the agency doesn’t remove your collections account, you’d have no way to prove an agreement ever existed.
Writing and mailing letters takes more time, but this old fashioned practice also protects you from an agency’s short memory.
If your credit report doesn’t reflect your payment 30 days after it’s made, you should write MiraMed again. Get in touch with the Consumer Financial Protection Bureau if you think MiraMed is violating the law.
3. Leave It to a Credit Repair Company
Whether you forgot about a $100 balance from a doctor’s appointment or owe hundreds of thousands of dollars in hospital debt, dealing with MiraMed takes time and energy.
While the two strategies outlined above could create the results you need, you could also get professional help with these detail-oriented tasks.
Professional credit repair companies like Lexington Law Firm or Credit Saint exist just for this kind of situation. If you’d like to pay a monthly fee and have someone else do the legwork, a credit repair company will be just what the doctor ordered.
Credit Saint is staffed by people who are pros at disputing debts, negotiating payments, and bolstering credit scores in the process.
Regardless of which approach you decide to take, don’t wait another day to respond to MiraMed.
Get the ball rolling today by reaching out to the agency or employing the services of a credit repair company.
Your future self will thank you!
Doing Business With MiraMed Revenue Group
MiraMed Revenue Group LLC has amassed a number of complaints with the Better Business Bureau and the Consumer Financial Protection Bureau.
Some people complain about the collection agency’s communication tactics, inaccurate reporting, and failure to respond to requests for debt validation. However, MiraMed has an A+ rating with the BBB, meaning it responds to complaints from account holders.
Before you deal with MiraMed Revenue Group, take a few minutes to learn about the Fair Debt Collection Practices Act (FDCPA) and the Fair Credit Reporting Act (FCRA).
The FDCPA holds collections agencies to ethical collections practices, dictating when and how they can contact you. For example, you can request a debt collector stop calling you at work and stop calling at certain hours of the day or night.
I always recommend communicating only by written letters no matter what debt collector you’re dealing with. Writing letters lets you document your conversations. Later, if you needed to complain to the CFPB you’d have proof to back up your claim.
Getting everything in writing is the smartest way to ensure that the collection agency gets taken off of your credit report. And, written letters don’t interrupt your life the way phone calls do.
Where to Write MiraMed Revenue Group
When you’re ready to send in a debt validation letter or to request a pay-for-delete arrangement, you can write MiraMed Revenue Group LLC at:
360 E 22nd St, Lombard, IL 60148
Visit the agency’s website at www.miramedrg.com. The site has a link for online payments; however, if you pay the bill you’ll lose your leverage for getting the MiraMed Revenue Group collection account off your report with all three credit bureaus.
If you’d like to call, the phone number is 866-910-2607. You can also email [email protected]
Can MiraMed Revenue Group Sue Me?
Yes, MiraMed has the right to sue you for repayment of debt according to the United States law — assuming the debt is within the statute of limitations for debt in your state.
If you get sued, don’t freak out. You can still come up with a solution using the strategies above. An ongoing lawsuit would cost MiraMed a lot of money. Often, these companies use a lawsuit to inspire you to take action and pay up.
Remember, paying the bill in full means you have no cards to play when you want the collections account removed from your record.
In now way can MiraMed have you arrested or prosecuted within the criminal justice system.
Again, learning your rights through the Consumer Financial Protection Bureau will help you negotiate with MiraMed.