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Yes, and they very often do. It is a common practice for creditors and larger collections agencies to obtain credit reports in an attempt to recover a debt. Credit reports provide a tremendous amount of information. This information can be obtained through countless other means, but the CR puts it all right there at their finger tips.
What else can I help you with?
How can I remove a debt collector from my credit report?
To remove a debt collector from your credit report, you can dispute the debt with the credit bureaus if you believe it is inaccurate or outdated. You can also negotiate a pay-for-delete agreement with the debt collector to have the negative information removed in exchange for payment.
Can Michigan pensions be garnished by a debt collector?
Not if it is creditor debt, such as credit cards.
Can you request a debt collector to remove an entry from your credit report?
Yes, you can request a debt collector to remove an entry from your credit report, but they are not obligated to do so. You can try negotiating with them or disputing the entry with the credit bureaus.
Can a debt collector remove negative information from my credit report?
No, a debt collector cannot remove negative information from your credit report. Only the credit reporting agencies or the original creditor can remove or update information on your credit report.
Does a lawsuit by debt collector affect credit score?
Yes, if they get a judgment against you, and most do. Once the judgment has been entered and is public record, that judgment will go on your credit reports and it will tank your credit scores.
Can a 400 bill that is unpaid affect your credit report even if you make payment arrangements with the debt collector?
Yes, especially if the arrangement is with a debt collection agency and not the original company. That you're paying the bill is good, but the history of having trouble paying it and the bill going into collections will be reported on your credit history.
Collector effect credit report?
if you owe bank and is in the processes of paying them back but they have not yet sent a notice to the collector debt. Does it show up on your credit report
Can a credit card company or debt collector take money from your IRA?
No they cannot
Is it legal for a debt collector to refuse to respond to me and if so can they report my debt and lower my credit score if they won't disclose my debt information.?
No, a debt collector must legally tell you what kind of debt you owe and how much debt you owe. You can consult an attorney for more details.
Where can one find information about a debt settlement service?
If one has credit card debt, one can contact the credit card company and inquire about debt settlement services, Otherwise, one can go to the government website consumerfinance.
Do you still have to pay a debt that shows its been settled on your credit report?
Call your credit card company and inquire. If you can not get through, cancel the card.
How do small businesses report clients to the credit bureau?
Consult with a debt collector. They have the legal qualifications to report to credit reporting agencies.
