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If a charge off has just come off your credit report can a collection agency or debt collector put it back?
Wiki User
∙ 8y ago
NO! Once a debt has reached it's statute of limitation it must be removed from your credit report. If a collection company reports the bedt with a new date dispute it immediatly because what they are doing is illegal.
Wiki User
∙ 8y ago
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How do you pay credit card charge-offs?
I am a professional debt collector and would say the best answer would be to either contact your credit card company and see to whom they sold the debt, as they no longer own the debt and therefore can not help you rectify the situation. The other option would be to pull a credit report on yourself and check to see if the collection agency is on your report, or if there was an inquiry on your report from a collection agency.
How many times and how often can a collection agency post an account to your credit report as a charge off?
A collection agency cannot charge-off an already charged-off account. The reporting of the STATUS of the account AS a charge-off can be reported every time they update with the credit bureaus. The 'date of status' must be the date of the ORIGINAL charge-off.
Can a debt be listed on your credit report by the collection agency as two separate entries with one as a charge off and the other as a collection fee?
Yes, the charge off is entered by the original creditor, and the collection fee is a separate debt.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
How long does it take for a credit card company to charge off debt to a debt collection agency?
One year. Then, after it goes to a collection agency.. it is like a bunch of frenzied sharks..who will harrass you for decades! One place I would like to send you. I found out a couple of things in an ebook. It is "Beat the Collector" by Jack Tories. I made a few calls to verify the information and found it to be correct. I am now going to give the collection agency a dose of their own medicine!
Can a collection agency report and collect a debt that is shown as a charge off from another creditor?
Yes. When creditors charge off accounts they send them (or sell) to a collection agency. The collector can request the debtor's credit report show that the account has been turned over for collection procedures.
FDCPA in Florida protect home from credit card collection agency?
How much can a credit card collector do with a lien on your property in Fl
Will paying off charge offs results in a higher credit score?
Yes, your credit score will impove if you payoff charge offs, if the lender or collector reports the payment to the credit reporting agency.
Is it better to pay a collection agency or let them write the debt off?
if you pay the collection agency you can get back in good credit standings , ifyou dont they can get a judgment against you, and garnish your wadges , if they do a charge off it stays on your credit for up to 10 years know and it is harder to get credit with a charge off
How do you pay credit card charge-offs?
I am a professional debt collector and would say the best answer would be to either contact your credit card company and see to whom they sold the debt, as they no longer own the debt and therefore can not help you rectify the situation. The other option would be to pull a credit report on yourself and check to see if the collection agency is on your report, or if there was an inquiry on your report from a collection agency.
How many times and how often can a collection agency post an account to your credit report as a charge off?
A collection agency cannot charge-off an already charged-off account. The reporting of the STATUS of the account AS a charge-off can be reported every time they update with the credit bureaus. The 'date of status' must be the date of the ORIGINAL charge-off.
Are your rights the same if your credit card debt went to a legal firm and not a collection agency or is a legal firm considered a collection agency?
Yes, a collections law firm, is still defined under the FDCPA as a collector. They are required to follow the same regulations that apply to a regular collection agency.
How do you find out from a collection agency who sent you to them for collection when you never was notified that you were in collection you discovered it on your credit report?
File a dispute with the credit reporting agency.
If a credit card does a charge-off and sends it to a collection agency can the original creditor still try to collect?
yes
Can a debt be listed on your credit report by the collection agency as two separate entries with one as a charge off and the other as a collection fee?
Yes, the charge off is entered by the original creditor, and the collection fee is a separate debt.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
How long does it take for a credit card company to charge off debt to a debt collection agency?
One year. Then, after it goes to a collection agency.. it is like a bunch of frenzied sharks..who will harrass you for decades! One place I would like to send you. I found out a couple of things in an ebook. It is "Beat the Collector" by Jack Tories. I made a few calls to verify the information and found it to be correct. I am now going to give the collection agency a dose of their own medicine!
