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Can a debt be put on your credit report if you are making payment?
Wiki User
∙ 11y ago
Yes, it'll be there until the payments are completed.
Wiki User
∙ 11y ago
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If you pay a debit from your credit report can it be deleted from your credit report?
yes, if you are done paying with itAdditional answerBut if you're late making a payment to settle a debt (credit card, for example) this will be recorded as a default.
Will disputing a old debt on your credit report restart the statute of limitations in NY?
No, only making a payment, promising to make a payment, or providing a letter of reaffirmation of the debt can reset the statue of limitations.
How do you report a non-payment of debt?
by contacting a credit agency, or the attorney's general
When do collection agencies report the debt to the credit bureau?
They usually give you 30 days to respond to the debt and make payment arrangements. If you dont respond they usually report it.
If a debt doesnt appear on your credit report can a debt collector still try to get payment?
Yes, credit report has nothing to do with Debt collection. What you should be looking for is State Statute of Limitation. Please type it in google and check the law for your state. Thanks!
Will a paid in full collection agency debt look better than a settlement payment on a credit report?
Yes, though both will damage your credit report to some extent.
How do you improve your credit?
By reducing your debt and having low balances, making your payment on time and having long established credit.
What is a credit report and what is a credit score?
A credit report is a list of your credit accounts with different creditors stating your payment history with them. A credit score is made up of different items on your credit report using an algorithm including payment history, credit length, debt to limit ratio, credit types, and inquiries.A FICO credit report has 5 components that are used to determine your credit score:Payment historyPercentage of available credit in useLength of time (how long each account has gone since the last action, and the age of each account has been open)Amount of new creditVariety of debt
How long does a paid lien stay on credit report?
It should drop off after 7 years, but you should write to the credit reporting angencies to report the payment and provide proof that the debt has been paid and this might expedite removal from your credit report.
In California how many years can a creditor continue to chase you for payment and report it to the credit bureau?
Until you pay your debt or file bankruptcy.
Can you be sued for a debt that does not appear on your credit report?
Yes, the credit report has no bearing on whether a debt is valid and subject to litigation.
Can you be held liable for a deceased credit card debt if you made the minimum monthly payment for them and were not a joint holder?
No, making a payment(s) on someone else's debt does not legally obligate the payer to continue to pay or to assume the debt as his or her own.
