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Can a collection company put the same debt back on your credit over and over again even after it has been removed due to not being mine?
Wiki User
∙ 15y ago
No creditor or agent may report a debt on a credit report that is fraudulent or in error. It is your responsibility to establish your identity for verification ro remove it. It is the creditors responsibility to prove the debt is factual and is your responsibility to pay. Failing this, you can request the removal of any erroneous reporting, but it must be done in writing. Write to the creditor, the reporting agency, and the credit reporting agency. Copy all letters to all parties, and mail them registerd, return receipt. Keep all records together and be prepared to produce them before a judge. It might take a court order to get the bad information removed.
Wiki User
∙ 15y ago
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Should you pay the credit card company when the debt goes to a collection agency so it may be active again?
The collection agency is basically "the goon squad" to collect outstanding debts for that company you owe money too and you obviously owe them money and it's your responsibility to pay it back. Why? Because people who don't pay off their credit card debts or loans let this mischief filter down to others who are paying off their debts. You owe it ... you pay it! Please write a letter to the credit card company informing them of your circumstances (and you'd better be telling the truth) and ask if they could either lower their interest rates (which legally you can force them to do in the States) or the amount you can afford to pay each month. The credit card company just wants their money, and also, if you pay something on a credit card even though it's not the required amount they can't come after you as long as you are making an honest effort. All they want is their money! If you refuse to contact the credit card company by mail (and it should be by letter and Registered at your post office) then you can't expect them to work with you on your debt and your life will be one hell before it's over not to mention ruining your credit rating which you will certainly need if you want to purchase a car or a home in the future. Marcy It's always a good idea to pay your debts. But it is impossible to re-activate a defaulted credit card account. Once any account goes to a collection agency, the bad debt is due and payable in full. If you pay the debt, the CC company may agree to grant you a new account, but nothing can make the former, defaulted one active.
How to stop pre-authorized Credit card billing?
1. Read your pre-authorization agreement to determine the stipulated method of canceling the authorization.2. Contact the company charging your credit card and request they stop charging you.3. If method 1 & 2 do not work contact your credit card company and tell them you have revoked authorization for the charges.4. If you are charged again, contact your credit card company and let them know the latest charge was fraudulent as you have already canceled the authorization in step 1 or 2.
After the 30-day dispute period is over and the accounts were deleted from your credit file can the credit card company place the accounts back on your file?
Yes, if it's fetermined the accounts are yours. During the 30-day investigation period, the credit bureaus must stop reporting the account in question. If, after that period, the account is verified, they can again report it.
How do you make sure no one is using your credit report?
You can 'freeze' your credit with the 3 credit bureaus, Equifax, Experian, and Transunion. If you do this, your credit can't be run unless you were to contact the bureaus again and 'unfreeze' the credit.
What is the chance of being sued for a outstanding credit card balance under 700 that he credit card company has already charged off?
Who would sue you? If it is charged off the CC's have given up because it is not worth their time or money. but it could be sold to some collection crooks that will tell you that they will come after you. If it was wrote off they can't legally collect it, but they are known to LIE and if you make any kind of payment you could again start the whole thing over. Chances are the statues of limitation have run out and then it is noncollectable by any one unless you pay on it.
How do you get rid of the money that you owe from collection agency without paying them and become good credit again?
how to get rid of the money that you owe from collection agency without paying them and become good credit again
Can derogatory items reappear on your credit report after it has been removed?
If a derogatory item has been removed from your credit report, it should not show up again if the situation was resolved. Contact the credit bureau and ask that it be removed.
Can an original creditor have a debt removed from your credit report in exchange for payment even though it is already listed as a collection account?
It can't be removed from your credit report even if you pay in full. It will say "settled" and paid in full, but the red marks will still show other creditors that you had some trouble with this debt. It will take the full 7 years to clean up. *Once again the person who made the report to the credit bureau can have it removed as an invalid or incorrect entry. It also is not always seven years.
How do you repair your credit?
Repairing your credit involves sending dispute letters to the credit bureaus asking for verification on your negative listings. The credit bureaus have 30 days to contact the original creditor and get verification. If they don't, the listing will be removed. They will send you an updated credit report showing what has been removed and what has been verified and then you did it all over again.
Is amending a judgment the same as refiling when it comes to starting the clock over again for collection of the judgment?
What clock on collection? (The time it is reported for on your credit report has nothing to do with how long the debt is actually owed).
If you've settled a debt with a credit collection agency can the original creditor buy back the account and try and charge you again?
No ... you have the proof that the debt was settled.
What happens when you over pay on a credit card?
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
How can a grace period help you save money on credit card payments?
If a credit card company offers you a period of time when you do not need to repay your liability, then, when you to start repaying your monthly costs will be more. You certainly will not save money. Speak to the citizens advice bureau or speak again to the credit card company.
After you have spent your credit limit and then automatically repaid it does the credit card company raise your credit level again or is the card essentially defunct?
This question isn't very clear. As I understand the question-as long as the credit company doesn't tell you it is closing the acct, the acct. is open. Also, the cc comp doesn't have to raise your level. So to answer your question, neither.
How long will your credit report keep showing collections even if they were paid?
7 to 10 yrs from the time it appeared initially on your credit. Contact original creditor & see if they will help you with a letter saying there was a billing error, send the letter if you can get one to the collection company & have them remove the collection account for it was entered in error. Cry a lot and ask for mercy.
Can a collection agency collect monies on a purchased debt from 1988 even if you don't have records to verify it?
They can TRY to collect the monies. It doesn't matter if you don't have the records, what matters is DOES THE COMPANY YOU BOUGHT THE PRODUCT FROM STILL HAVE THE RECORDS TO VERIFY!! 1)Google "clean credit history" and find a Cease and Desist letter to print up and send cert. mail to the collection agency. This automatically stops them from contacting you again and sends the debt back to the original company. 2)Request a free copy of your credit report (I believe the agency the govt set up is freecreditreport.com). DO NOT PAY FOR IT! You do NOT need to know your credit score, so if you can get the 3 reports for free, but the scores cost you, just get the reports. 3)Find out which credit bureau(s) has this debt listed. 4)Send the bureau(s) a letter saying this debt is not a true debt and for them to verify it with the company who claims it is a valid debt. (This letter can also be found through step 1). If the original company can verify the debt then crud-outta-luck. It may be possible for them to garnish your wages but that involves a lot of hassle and they generally won't do it. If they can't verify it the debt is removed forever. Also google "Fair Credit Act". Good luck. Personally, I wouldn't pay them jack-nothing.
When an original creditor sells a charged off account to another company does this start the 7 year clock ticking all over again?
No. When an original creditor sells a charged off accounts to another company. I asked the Credit bureau to investgate. However, the creditor is unable to remove it from my credit report. does this start the 7 year clock ticking all over again from the date the credit bureau investigate?
