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Yes. There are no laws stating that any creditor has to report to any more than one credit bureau (and the creditor is allowed to choose which one to report to).
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∙ 15y ago
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What if the finance company after 8 months never get their vehicle one day the driver gets pulled over by the police will they take the vehicle?
This depends on where you are.If you are in an area where it is illegal to hide the vehicle from the finance company you will get arrested, the vehicle will be impounded and the finance company notified.Added: If you have been concealing the vehicle from the creditor and at the same time not beein making payments, the creditor may well have filed a stolen vehicle report with the police.You have wrongfully deprived the creditor of their property (i.e.: THEY own it - not you). If the vehicle turns up in the police records as stolen they will not only confiscate the vehicle - you could be facing criminal charges as well.
If a US creditor is not reporting a credit card to the three major credit bureaus because of a foreign address will delinquency in payment also stay off of one's credit report?
ANSWER That is correct. If the creditor is not reporting to the major bureaus there is no report... good or bad.
Why would the credit score of 1 agency stay the same while the other 2 increase over time?
The 3 agencies are independent from one another. They take info as it is submitted from creditors, empoyers and other sources and collate the data into a report that is rated by FICO or another scoring model to give your credit score. If you submit an application and the creditor only checks your Experian report, the inquiry does not appear on the other two. If you bank with a small lender or have a collection with a tow company or something similar, they may only report to one or two of the agencies.
What does the law say about obtaining a free credit report?
in most states you are entitled to a free copy of your report one time per year, or if you have been denied credit by a potential creditor.
Does your cosigner have to know the details on your credit report and score prior to signing for a loan- does the lender share this information?
It is totally up to you who you share your credit report info with, but it is against the law for a creditor or credit reporting agency to disclose any information regarding your file, only you have the authority to access your credit file and unless there is a permissible purpose as defined by law no one else including a creditor can access your file.
Does the repossession company have to report the repossession to the police after the repossession?
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
Make a simple sentence using the word creditor?
I owned a creditor.The creditor called me. A company you owe money to is called a creditor.
How can you remove judgments from your credit report?
Actually, the creditor who has the judgment against you can make appeals on it and depending on what state your in you can actually end up with it on your credit report for as long as 21 years. Now there is only one state that will allow it to stay for 21 years through appeal but most are between an additional 7 to 14 years on top of the initial 7.AnswerCall who ever has the judgment pay them.....it's that or wait it out for 7 years that's how long it will stay on the report
Creditor trying to collect from bankruptcy?
This is not a question. Good luck. If the question is, "Can one collect unsecured debt from a bankrupt company?" The answer is, "only if property is administered by the trustee."
What is Time limit to report accident in PA?
Assuming only your vehicle was damaged and no one was hurt and you are asking about the time limit to report the accident to your insurance company. Then: The time limit or rather the statute of limitations in Pennsylvania to report damage to your auto in the form of a claim to your insurance company is 2 years. After that the insurance company can and will deny your claim and you will have to pay out of pocket to have it fixed.
What precautions should one company take for avoiding bankruptcy?
To avoid bankruptcy, one should set up a plan with the creditor. If your creditor accept it, then no need to go to court and declare bankrupt. Alternatively one can go to higher cost lender.
What does write-off mean on a credit report?
A write off means a charge off. This is one a creditor closes an account due to non payments.
