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How long does a creditor have to update your credit report after a bill is paid?
Typically credit reports are updated monthly, but can take up to 90 days in some cases.
How soon can a vendor send a client's account to a collection agency?
There is no law that restriction how long a creditor or business must hold a bad debt before forwarding it to a debt collections agency.
Is it true that a creditor must send you a certified letter before placing something on your credit report?
No.
What do you do about a bill from a collection agency for a bill you never owed?
Notify the collection agency in writing that the debt is invalid and the reason why. Keep a copy for yourself, and if possible send a copy to the original creditor.To save yourself some time and keep the best records, send any correspondence certified, return receipt, so the collection agency and the creditor cannot come back later and say, "We did not receive your letter." In the event that collections continues, and results in legal action, you can take your mail receipt with you to court, and likely as not the judge will dismiss the case and the creditor's ability to continue to pursue collections.
How long can a creditor attempt to collect on an account?
As long as they feel its worth it, i have come accross a collector from 6 years ago that i forgot about - they rarely forget. There are not time limits for when a creditor or collector can pursue debt collection procedures. In the U.S. all states have SOL's pertaining to how long a creditor has to file a lawsuit against the debtor to obtain a writ o judgment.
Can a creditor send bills in your name to addresses you never lived at?
They can send bill anywhere they want to. However, it isn't very effective if you do not live there.`
How long does a creditor have to go after someone to collect a medical bill in Ohio?
I believe in Ohio a medical creditor can attempt to collect a bill for 7 years. However, they can hold onto the account as long as they decide.
How long does the creditor have to send the post repossession papers?
In most states 10 days but some are longer.
Will wife have to pay credit card bill in death if no estate if not in her name?
The estate is responsible for the debts of the decedent. Send a copy of the death certificate in with the bill to notify the creditor of the death.
How long can a company wait to send a bill in Florida?
A company can wait as long as it wants to send a bill in Florida. The money is still due if you owe it, no matter when the bill is sent.
Is a hospital bill a creditor debt?
no
If creditor received a judgment and you make arrangements to pay the bill can the creditor still repo your car?
"debtors" can never repo cars, LENDERS can, even after you make 'arrangements". As long as you are in "default", they can repo.
What happens if a creditor receives a cease and desist letter from a debtor?
Then the creditor must cease any attempt to collect the debt. It means the creditor is not allowed to call debtor, or send the bill to debtor's address or to make any further attempts. If the creditor still call the debtor, the debtor may complain and initiate a lawsuit. But usually the creditor will take the debt to court when a debtor serve him with cease and desist letter. It could be as soon as 3 months up to a year.
What is the address where you send your payment to?
The address of the person or organisation to whom you owe the debt. The address to which the payment should be sent should be somewhere on the bill or invoice. If it's not, then you should contact the creditor for the correct address.
Is it legal for a creditor to send an account to a collection agency after one and a half years without ever notifying the customer that they think a bill is owed?
Yes, the original creditor is not bound by the FDCPA. The collection agency must however inform the debtor that they have thirty days to request confirmation of the debt or to dispute same.
How long after death can a creditor present an outstanding bill against an estate?
That period varies from state to state. You would need to check the provision of your state laws.
How long does a creditor have to update your credit report after a bill is paid?
Typically credit reports are updated monthly, but can take up to 90 days in some cases.
