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∙ 15y ago
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What can you do if a debt is reported wrongly to a credit agency?
dipute it with the credit bearue. they will do a full investigation and you may even have a chance to get rid of the bad credit because it was reported wrong.
Can delinquent membership dues in a timeshare be reported to a credit agency?
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.
What happens for non payment on unsecured debt?
It will most likely be turned over to a collection agency. Then it will be reported to the credit bureaus which will make it difficult for you to get loans in the future.
Does a real estate lien from an HOA affect your personal credit?
The lien can be reported to a credit reporting agency.
Can a credit card debt that was charged off and sold to a collection agency be reported on your credit report?
Yes.
What does a collection agency do to your credit?
They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.
Can unpaid medical bills be reported on credit reports?
Yes, unpaid medical bills will be reported to credit bureaus not to mention the collection agency that the medical facility will pursue.
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.
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.
How long do unpaid medical bills stay on your credit report?
Like other late payments reported to a credit reporting agency, an unpaid medical bill may stay on a credit report for up to seven years.
Is the 7 years a paid tax lien can stay on a credit report determined from the year the tax was owed or when the lien was levied or when it was reported to credit rep agency?
Its from the date it was reported to the agency. It will show that paid if it has been paid, but will remian on your credit report for 7years. Usually liens or levys are in my past experince not reported with a credit agency, when they levy an account or a home, it will show up when you want to refi your home, or sell it. Hope this helps. Actually, I believe it's seven years from the date it is satisfied (paid).
Does an account put with a collection agency always show up on your credit report?
This depends only if the creditor originally reported your account to your credit report.
