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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.
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Can Michigan pensions be garnished by a debt collector?
Not if it is creditor debt, such as credit cards.
Does a lawsuit by debt collector affect credit score?
Yes, a lawsuit by a debt collector can affect your credit score. If the debt collector wins the lawsuit and obtains a judgment against you, it may be reported to the credit bureaus, which can negatively impact your credit score.
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.
Why a creditor will be reviewing your credit history?
amount of debt
What point can you request a settlement on credit card debt?
Settlement usually occurs when the account is past due and has been closed. You can either try to settle with the credit card company, or the debt collector that the credit company sold the account to.
What legal right does a collection agency have to collect a debt after 7 years if the debt is no longer on your credit report?
The debt being dropped from the credit report has no bearing on the collector's rights to pursue recovery of monies owed. The creditor/collector can contact the debtor seeking payment for as long as they choose. Also, state SOL's for debt(s) apply only to lawsuits, not collection procedures.
