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Can a debt to a foreign creditor be reported to a US credit bureau?
Wiki User
∙ 17y ago
Yes, if there is a legal contract saying that the money is owed it can be reported to the credit bureau. It is up to them to determine if it falls under American Law.
Wiki User
∙ 17y ago
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If your father is the borrower on an auto loan and you're the co-signer and his credit was better but you're making the payments why is it not helping your credit with the credit agencies?
If you're on the note and it's not being reported to your credit bureau.....you need to contact the creditor and demand that it be reported. If it IS being reported......then.........it IS helping your scores.
What you do if you cannot locate a creditor?
That depends on what you mean by "can't find or locate a creditor". If you get a copy of each of your credit reports, they will list the contact information for each of the creditors that are reporting any type of information about you on your credit report. if you cannot get a response from the creditor after locating their contact information on your credit report, then you may want to "dispute" the information with the credit bureau that is reporting the information. Simply write a letter to the credit bureau stating that the information being reported on XYZ account is not accurate. Please remove this information from my credit file. The bureau will contact the reporting creditor...if the creditor does not respond within a timely fashion, the information will be removed from your credit file.
Can you ask your creditor to report new balances to the credit bureau?
No.
Can a judgment be reported to more that one credit bureau?
Yes a judgement can be reported to more than one credit bureau and is usually reported to the three major credit bureaus (equifax, tranunion & experian)
Is there a way to get a repossession out your credit?
Information only comes off the credit report when the original creditor who reported the information requests the credit bureau to remove it, or if the credit bureau removes it after they have made the attempt to contact the creditor to request them to remove it and the creditor fails to respond. If the creditor cannot be located which is another way they may fail to respond, the credit bureau may remove it after a period of time. In all cases, you the consumer must initiate the process to contest the information in writing. Because the credit bureau customers are the creditors and not you, the credit bureau will only make changes when their customers (the creditors) ask them to. The creditors all pay annual fees to the credit bureaus to be a member and have the ability to put payment history information into your credit file. That's why the consumer must contest the information, then force the credit bureaus to validate and confirm the information with their customer first, then take the appropriate action once they get a response or fail to get a response.
If your father is the borrower on an auto loan and you're the co-signer and his credit was better but you're making the payments why is it not helping your credit with the credit agencies?
If you're on the note and it's not being reported to your credit bureau.....you need to contact the creditor and demand that it be reported. If it IS being reported......then.........it IS helping your scores.
What you do if you cannot locate a creditor?
That depends on what you mean by "can't find or locate a creditor". If you get a copy of each of your credit reports, they will list the contact information for each of the creditors that are reporting any type of information about you on your credit report. if you cannot get a response from the creditor after locating their contact information on your credit report, then you may want to "dispute" the information with the credit bureau that is reporting the information. Simply write a letter to the credit bureau stating that the information being reported on XYZ account is not accurate. Please remove this information from my credit file. The bureau will contact the reporting creditor...if the creditor does not respond within a timely fashion, the information will be removed from your credit file.
Why does a creditor claim I had a foreclosure but my report doesn't mention one?
The foreclosure may have been reported to the Credit Bureau your lender is looking at but not the Credit Bureau you are looking at. For example, the 3 main Credit Bureaus are Transunion, Equifax and Experian. You lender may be looking at Equifax and seeing the foreclosure, when you are looking at your Transunion, where the foreclosure was not reported.
Problems With the Credit Bureau?
If you're having problems with a credit bureau, then you're not alone. Each year, millions of people are inconvenienced by mistakes in their credit report. f you've already contacted the credit bureau about your problem and didn't get it taken care of, then you can still call the creditor who reported the information. By letting the creditor know that they've made a mistake, you may be able to get them to send in a corrected copy of your document. Be sure to tell the creditor how you've been inconvenienced, and if that doesn't work, then remind them of your rights.
Can you ask your creditor to report new balances to the credit bureau?
No.
Can a judgment be reported to more that one credit bureau?
Yes a judgement can be reported to more than one credit bureau and is usually reported to the three major credit bureaus (equifax, tranunion & experian)
How is a judgment reported to the credit bureau?
county
What law allows a borrower to sue a creditor or credit bureau that verifies incorrect data about his or her credit history?
The "Truth in Lending and Consumer Leasing Acts" allow borrowers to sue a creditor or credit bureau that verifies incorrect data about his or her credit history.
Is there a way to get a repossession out your credit?
Information only comes off the credit report when the original creditor who reported the information requests the credit bureau to remove it, or if the credit bureau removes it after they have made the attempt to contact the creditor to request them to remove it and the creditor fails to respond. If the creditor cannot be located which is another way they may fail to respond, the credit bureau may remove it after a period of time. In all cases, you the consumer must initiate the process to contest the information in writing. Because the credit bureau customers are the creditors and not you, the credit bureau will only make changes when their customers (the creditors) ask them to. The creditors all pay annual fees to the credit bureaus to be a member and have the ability to put payment history information into your credit file. That's why the consumer must contest the information, then force the credit bureaus to validate and confirm the information with their customer first, then take the appropriate action once they get a response or fail to get a response.
How do you contact old debt collectors to clear your name and pay outstanding bills?
If you have a copy of your credit report the creditor's last known phone number and/or address should be listed. If it is not you can contact the credit bureau that it is reported with and they can try to get you that info. Otherwise, dispute it with the credit bureau. If they can't verify the information they will delete it. Good luck.
If a car payment is 5 days late can it be reported to the credit bureau?
Short answer, yes. If your lender has a grace period and you exceed it, it can be reported. If your loan doesn't have a grace period, it can be reported as late once received as late. It's at the discretion of the creditor and their policies, which should be spelled out on your contract.
Can a creditor report you to the credit bureau for 150?
Yes, they can report you for any amount they are owed.
