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How do you report a debtor and what actions can you take to recover your payment?
Wiki User
∙ 16y ago
Only corporations can report to credit companies like; equifax, transunion, etc. The only way to get your money is to file a civil case in small claims court in your local jurisdiction and get your case and the dead beat in front of the judge. If it is for a large amount of money you will need an attorney.
Wiki User
∙ 16y ago
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Do you have to pay a 1000 credit card charge off from 14 years ago?
In all likelihood the statute of limitations has expired and the holder of the debt cannot pursue legal action to recover monies owed, but it is not unusual for collectors to attempt to collect such debts, often, unfortunately through intimidation tactics. It would be in the best interest of the debtor to research the laws of the state in which he or she resides concerning this matter. Likewise, the debtor should not make any payment and/or payment agreement either verbally or in writing to repay the debt without having explored all the options. A debt of that age could not become a valid entry on the debtor's credit report.
If civli judgments are paid off why are they not removed from your credit report?
they stay for 6 years. u can ask the courts to mark as settled with prof of payment to the debtor for a small charge of £15
Should you pay a 3000 dollar debt if it will be removed from you credit report in a year?
Negative information is dropped from the CR seven years after the debt's DLA. However, the removal of the information does not mean that the lender cannot file suit to recover the debt owed. The time frame for filing a civil suit to recover a debt is determined by the SOL of the debtor's resident state. Please be advised, an SOL for debt is not an "automatic" defense against a suit. The debtor defendant must claim such a defense for non payment and be able to provide substantiating documents. Even so, in some US states the judge has the option in specific circumstances to "toll" and SOL.
Does a judgment appear on the judgment debtor's credit report?
Generally, yes
Should you keep making payments on your payment plan if the collection agency keeps reporting you as delinquent?
Yes. The person can always challenge a negative entry on their credit report whereas ceasing payment would result in a default of the contract and leave the borrower/debtor open for collection action and/or a creditor lawsuit.
What is the best way to get Last Activity Dates to reflect on credit reports versus closed or charged-off dates because there is a big difference in legal reporting time when considering the two?
There is no difference. The DLA indicates the last activity noted, whether it was the last payment made by the debtor or the time the account was charged off. If a debtor makes a payment after an account is charged off, then the 7 year credit report requirement is restarted.
What is an outstanding judgment on a credit report?
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
Can you report a settlement to the credit bureaus?
That should be done by the creditor upon the request of the debtor.
What does the voluntary dismissal of a chapter 13 bankruptcy mean for the debtor and creditors and the debtor's credit report?
When any bankruptcy action is dismissed for any reason the debtor(s) lose(s) bankruptcy protection. This means creditors may pursue collection of the debt, including, in most situations filing a lawsuit. A chapter 13 bankruptcy dismissal will remain on the debtor's credit report for 7 years.
What are pr tasks?
Report, locate, support, recover, reintegrate
What are the pr tasks?
Report, locate, support, recover, reintegrate
How long does chapter 13 bankruptcy stay on credit report?
Bankruptcy filings typically stay on a debtor's credit report for 10 years.
