Yes, there is no law that forces a creditor to give credit if he decides not to give it.
Some creditors will do this if you do not use your card for a while, even if you've never been late on a payment. (This happened with my spouse's American Express Card, which we tend to use only for Summer travel and Christmas gifts.)
Either you can ask what collection agency the company you originally owed deals with or you will have to obtain your own credit report. * If the debtor did not respond to the 30 day clarification notice, the collection agency has no legal obligation to inform the debtor of the creditor, amount owed, etc. unless litigation is initiated. The debtor's credit report may or may not indicate which account has been sent to collections, as credit bureaus are very lax in keeping timely data on consumer's.
The bank should notify the account holder that the account has been levied by a judgment holder. Also, the account holder/judgment debtor should have received a final notice of judgment citing the action the judgment creditor is taking.
If they reported your account to the credit bureau, your score will decrease whether you paid it or not.
You can take a creditor or a listed party on a credit report to court for not removing notice on your report if, that account is paid off, seven (or ten in the event of a judgment) years has elapsed from the date of last payment, and thirty days have passed since you requested the account be pulled in writing, by registered mail. All three of these must occur before you should take any creditor or reporting agency to court. Small claims would be a waste of time considering the sizable payouts that can be recovered for unfair and fraudulent reportings.
A pre-charge off is when the creditor is giving the debtor notice that the account is in default and will be sent to collections if a payment agreement is not made by a specified date. Post-charge off is when the account has been sent to collections, sold to a third party creditor or referred to a legal firm for further action.
Yes. If you have no balance due or outstanding charges.
Only those creditors you list on your bankruptcy schedules / creditor matrix (list) will receive actual notice.
yes they can, if is up to them
No. A Credit cannot take money from your savings account without giving you prior notice. But, if you have an electronic funds transfer arrangement (for loan repayment) or if you have given him your bank account check (Signed) then he will be able to take money from your account. In these 2 cases, he need not give you a notice because it is understood or rather assumed that you know that he is going to do it and since you have signed and approved the same another intimation is not required.
When you pull your credit report you will notice at the very last pages of this report your creditor informaiton. This includes the name if the creditor, address, and phone number.
Yes your bank account can be levied for a credit card debt in texas. They CANNOT garnish your wages but they can levy your bank account if they sue you and get a default judgement. I found this out the hard way. My husband had stopped paying on a credit card in 2006 and we received a notice 12/2009 that they were suing him but was not aware of what they could really do besides put it on his credit. They froze every account with his name and social attached to it.
a creditor with a judgment found my bank account and took the money out and i got a notice of it the same day in the mail. too late my account was zero. it was my social security payment which is illegal.
If you are denied credit, the Equal Credit Opportunity Act requires that the creditor give you a notice that tells you the specific reason your application was rejected or the fact that you have the right to learn the reason if you ask within 60 days. If your credit application was due to information obtained from your credit report, the Fair Cedit Reporting Act requires the creditor to give you the name, address and phone number of the credit reporting agency that supplied the information. The credit reporting agency can tell you what is in your report but only the creditor can tell you why your applicaton was denied.
Same as a regular repo. The creditor may still put the repossession on your credit report and it would stay there for up to seven years. Notice the word "may", because it is at the creditor's discretion...
It is used by a judgment creditor to freeze the assets of the debtor and to find out what assets the debtor has.
Both and anyone else you can think about in the middle, because it removes any claims down the road for not providing proper notice.
Either you can ask what collection agency the company you originally owed deals with or you will have to obtain your own credit report. * If the debtor did not respond to the 30 day clarification notice, the collection agency has no legal obligation to inform the debtor of the creditor, amount owed, etc. unless litigation is initiated. The debtor's credit report may or may not indicate which account has been sent to collections, as credit bureaus are very lax in keeping timely data on consumer's.