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If the debt is not showing on your credit report do you have to pay it?
Wiki User
∙ 15y ago
You still owe the debt but if it isn't reflected on your credit reports then it won't impact your FICO score which is what everyone bases the decision on giving a loan or not.
Wiki User
∙ 15y ago
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If you pay off an old debt no longer on your credit report will it be placed back on the credit report?
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
Why pay a debt that is no longer showing on your credit report?
Morals and ethics. To not pay it is theft. You incurred the debt, by purchasing something or availing of a service. You owe the money to the person who supplied that something or service. Would you write off a debt someone owed you?
What if a creditor is not on your credit report but trying to collect a debt?
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
You are filing bankruptcy - all debt is in your name your husband is an authorized user on your accounts and the debts are showing up on his credit report What will happen to him?
he would have to pay to because the acconts is in his name
Do you have to pay a debt that is not on your credit report?
If it's a personal debt, such as something off the record, ya might want to.
If you pay off an old debt no longer on your credit report will it be placed back on the credit report?
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
Why pay a debt that is no longer showing on your credit report?
Morals and ethics. To not pay it is theft. You incurred the debt, by purchasing something or availing of a service. You owe the money to the person who supplied that something or service. Would you write off a debt someone owed you?
What if a creditor is not on your credit report but trying to collect a debt?
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
Is it beneficial to pay that debt off or is it just a redundant action once a debt has gone to collections and damaged your credit report?
It is best to pay off the debt. You can also ask if they will remove their listing completely from your credit report, if you agree to pay. If they agree to this, tell them to send the agreement to you in writing and you will immediately pay off the debt.
You are filing bankruptcy - all debt is in your name your husband is an authorized user on your accounts and the debts are showing up on his credit report What will happen to him?
he would have to pay to because the acconts is in his name
Do you have to pay a debt that is not on your credit report?
If it's a personal debt, such as something off the record, ya might want to.
How can one remove debt from your credit report?
The easiest way to have debt removed from your credit file is to pay the debt which also show that you can make & keep to payments. You can also negotiate with the company the debt is with to remove this debt.
What is more credit damaging Bankruptcy or settling a credit card debt?
Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.
How do you make creditors quit calling for repayment of debts that are not on your credit report?
Just because a debt doesn't show up on your credit report does not mean that you don't have to pay it. Pay what is due and get on with life.
If a friend refuses to pay a debt and you don't want to sue but want to report it so it appears on his credit report how can you do that and will a collection agency file such a claim?
Not without suing. It's a credit report. You are not a creditor. If you sued and got a jugdment and she didn't pay then that would be on the credit report
If you owe a credit card money and they have your middle initial wrong on the card and account and the debt doesn't appear on your credit report do you have to pay the debt?
you run like hell to Mexico
How do you unsecure your debt once it is secure?
The first step to move secure debt to unsecure is to get a credit report to see how much unsecure credit you can obtain. Apply for different loans and use the unsecure credit to pay off the secure debt.
