0
How can you correct credit reports where John Doe Sr's bad debts show up on John Doe Jr's report?
Wiki User
∙ 8y ago
Absolutely!
For quite some time, I had a similar problem. A woman with the same first and last name who happens to live in the same area as I do, apparently had some pretty bad credit.
Several times when I had to have a credit check run - refinancing our house, a home equity loan - a loan officer or bank rep. would contact me and ask about certain things that they found on my credit report.
After the first incident, I'd just start saying 'check the SS#'. Sure enough they would check and find that the SS numbers were different. Finally, one particularly nice loan officer told me she would take care of setting the record straight. I haven't had any problems since.
Based on my own experience, I'd suggest you contact the 3 credit reporting agencies, explain the problem, and see what they can do for you. And suggest that the SS#'s be used to sort things out, if they don't suggest it first. It certainly fixed my problem.
Good Luck
Tina
In the case of a father and son with same name you may have to provide the credit repositories (Equifax, Trans Union and Experian with proof that an account belongs to the son or father by mailing them a copy of a recent statement showing a different address and account number. Identity proof (drivers license) may also be required.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
How do you report someone who owes you money to the credit reporting agencies?
If you are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.
If a charged off account now has been removed from your credit report can a third party attempt to collect the debt after if has been removed from the credit report?
Yes. You have to check your state's statute of limitations. The time of the state's SOL for collecting on debts and the federal SOL on credit reports may be two totally different time limits.
How do you clear your credit report?
The short answer is the only answer one. You have to pay your debts off.
Is it true collection debts erase from your credit report after 7 years?
Yes, however, bankruptcy can remain on the report longer.
You have paid off all your debts how long does it take the credit reporting agencies to reflect this?
If you have paid off all your debts, and your credit report is not reflecting this then it is up to you to make sure that this is updated.
When filing bankruptcy what do you do with creditors that 'drop off' your credit reports before you file?
Your credit report is irrelvent. Certainly many debts are not on one. If you owe the debt, report it.
Regularly Monitoring a Credit Score Report?
Lenders and prospective employers check credit score reports to determine if people qualify for loans and employment. Credit score reports serve as indicators of financial responsibility based on the history of transactions appearing on each report. Because credit score reports influence many aspects of peoples� lives, these reports should be correct and not show any debts or failures to pay that should not appear. The best way to ensure that credit score reports are correct is to monitor them regularly. People can request their own credit score reports through the three major credit score reporting agencies once per year.
What can you do to help clean up debts on your credit report?
Besides paying your debts off or filing bankruptcy if you are unable to pay off these debts there is nothing you can really do to clear them from your credit report. Most debts stay on your credit report for seven years.
What is the meaning of a credit report?
a credit report indicates your history of generating and paying debts on time.
How do you report someone who owes you money to the credit reporting agencies?
If you are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.
Requesting Your Free Annual Credit Report?
Getting a copy of your credit report is a great way to make sure your financial health is in order. The Federal Trade Commission mandates that each citizen is entitled to a credit annual report at no cost, once yearly. Requesting your free annual credit report is easy. Simply find a site that offers free credit reports and request your one-time report. This will give you a snapshot of your debts and any actions taken by your creditors. With a free annual credit report, you will be able to clear up any errors or inconsistencies, settle debts and raise your score. Request your credit annual report today.
Are creditors required to remove debts from credit reports if filed under bankruptcy 7?
Assuming that you properly listed the debt in your bankruptcy, the creditor should report the balance owed as zero and it should also correct your credit report to show that the debt was discharged in bankruptcy. You should send a certified, return receipt letter (keep a copy) to the credit card company and enclose a copy of your discharge. Demand that they correct this entry on your credit report. If they fail to do so, contact a local bankruptcy attorney for further assistance. Failing to correct a credit report can be a violation of the discharge order and the bankruptcy court could order the creditor to pay you damages if they fail to correct the error. You should also write a dispute to the three credit reporters: Experian, TransUnion and Equifax, and have them insert it in your report, i.e. "This debt was discharged in bankruptcy on _____ (date)."
When can you have bad credit removed from your credit report?
The FCRA says the SOL for debts or negs on your report can only remain for 7 years
How do you find debts owed to file bankruptcy?
get a copy of your credit report from all three credit bureaus
If a charged off account now has been removed from your credit report can a third party attempt to collect the debt after if has been removed from the credit report?
Yes. You have to check your state's statute of limitations. The time of the state's SOL for collecting on debts and the federal SOL on credit reports may be two totally different time limits.
How do you clear your credit report?
The short answer is the only answer one. You have to pay your debts off.
Is it illegal to put overdue medical bills on a credit report?
No. Overdue medical bills, like other debts incurred, can appear on a person's credit report, especially if they go into collections.
