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Can delinquent membership dues in a timeshare be reported to a credit agency?
Wiki User
∙ 14y ago
Any debt CAN be reported to the credit bureaus. What you need to find out is whether or not these dues WILL be reported.
Credit reporting is totally volunatary. There is no law or regulation which compels it. Existing laws only state that if something is reported, then it must be accurate.
It is possible, but unlikely, that a timeshare company reports. Delinquent dues may be turned over to a collection agency. A CA is more likely to report their accounts.
What I know is that any debt can be reported to a credit agency. I don't know if this is the case of delinquent membership dues.
Yes, it can be reported to a credit agency as delinquent membership dues can be treated like debts.
Wiki User
∙ 14y ago
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Can a collection agency in America collect monies outside the jurisdiction for small amounts -such as the annual maintenance fees on a timeshare?
a collection agency can collect where ever they need to. they purchased the debt from the timeshare company (to use your example). what i don't know is if they can impact your credit if for instance you were in the US and the collection agency or timeshare company is out of the country.
Will not paying for a timeshare give you a bad credit?
Yes. It is a debt and if defaulted on will most likely be reported to one if not all the major CRA's. Yes. It will affect your credit reputation. If you still have money on your bank account, it is possible that it can be collected through this. It can be reported to a credit agency as it is considered a debt. The effect on the owner is that he will have a bad reputation to lenders. Yes, it will give you a bad credit. If it will be reported to a credit reporting agency, you will have difficulty making a loan in the future.
Once the delinquent account has been turned over to a collection agency the physicians office should do what?
Once a delinquent account has been turned over to a collection agency, the physician's office should stop billing.
Can a collection agency put a delinquent debt on your credit report if it was never reported by the original creditor and the SOL has expired?
Yes they can. The SOL being expired gives you a good basis upon which to dispute the entry and an affirmative defense to a lawsuit; but those won't prevent a collection agency from reporting a bad debt.
My credit report shows a delinquent account from 2005 a collection agency is listing it now reported as of 6 2009 is that legal?
No it is called re-aging which is federal violation, collection agencies do this to refresh the SOL so they have legal recourse to sue you for the debt.
How many cases of lupus were reported in 2007?
Lupus cases are not reported to any agency.
If a debt goes to a collection agency but is paid immediately does it still go on your credit report?
Usually you have 30 days to respond and to clear it up and if it is not cleared up in the 30 days than it is reported. But there are exceptions. Some companies close the card down and report it as closed and delinquent. Check your credit report to see if it is on there and if it isn't then when you call to pay it ask them if you pay it now will it not be reported being that it hasn't been reported yet.
What happens if you are reported to a credit agency?
You pray to god
Can a collection agency send your account to an attorney for a lawsuit if it is has been delinquent for less than six months?
Yes.
What happens when you don't pay your maintenance fee in a timeshare unit?
Failure to pay the maintenance fee on a timeshare unit can result in late fees and penalties. Going to long without paying the maintenance fees can result in being turned over to a collection agency.
When a small business needs help collecting delinquent payments they should?
they can hire a collection agency, they will try and collect any debts for a percentage.
Where do you pay collection accounts that are reported on your credit report when the company is out of business or no longer handles the account that was reported for collection?
You pay the collection agency.
