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* The question is a little vague, however here's what I can say: IF, and it should have been, the repossession was first put on his credit report 7years ago then no. Any negative credit - excluding bankrupcy - by law must be taken off your credit report after 7years of its last active date (this is either when it was put on, or when you last paid it).

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โˆ™ 2008-07-30 01:07:46
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Q: If you had vehicle repossessed seven years ago and it has been turned over to a collection agency will the collection stay on your credit report until it is paid in full?
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Related questions

If vehicle was repossessed in 2004 but ex spouse stopped paying consistently in 1999 What date must the collection agency report to the credit bureau?

The collection agency typically does not report to the credit bureaus, the original lender does. Lenders report to the bureaus, collection agencies collect on delinquent debt.


How do you find out from a collection agency who sent you to them for collection when you never was notified that you were in collection you discovered it on your credit report?

File a dispute with the credit reporting agency.


Collection agency laws?

if a collection agency has not bought out my debt from the original company can the collection agency look up my credit report?


If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?

No the collection will not be removed from the credit report. They will show it paid in full.


How many times can a collection agency inquire on your credit report?

Unless you have given a collection agency written permission to pull a full credit report they are in violation of credit laws.


Can a collection agency charge you with credit card fraud?

No.


What does a collection agency do to your credit?

They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.


How can you mend your credit after a paid collection?

Only the credit bureaus the collection agency can remove a collection from your credit report. The collection agency won't do it now since it is paid and they have no reason to. You can dispute it to the credit bureaus and ask for verification on the account. They will have 30 days to verify the items or it must be removed from your credit report.


What happens if you do not pay a collection agency?

if a collection agency isn't paid, the debt can be put on a persons credit report. The collection agency can also choose to garnish a persons paycheck.


Can a collection agency collect interest on your debt?

Yes, Collection agency can do that. But contact a good collection agency like Guardian Credit Services, they know will how to deal with customers to get money


Can an unpaid ambulance bill hurt your credit?

Yep! If the ambulance company turns your account over to a collection agency that agency might report the collection on your credit. Medical collections are the most common type of collection on a credit report.


As a cosigner can you have a vehicle repossessed without affecting the cosigner credit rating?

Nope.


Who is ICC collections?

Interstate Credit Control - they are a collection agency


Can a vehicle be repossessed if you allowed a military person to take over vehicle payments and he has not paid anything?

it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.


What does it mean when your credit report states that you have a paid closed collection account on you credit report?

The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.


Can I use my credit card after I pay off the collections agency?

No. Once it is sent to a collection agency the company has closed the credit card.


Can a collection agency pull your credit?

No! ###### Yes if they have permissable perpose to do so (ie: Collection On Your Account)


Is there a dollar amount for collection agency's to report to the credit bureau?

A collection agency can report you to the credit bureau for any amount of money. There are agencies that will report for amounts under a hundred dollars.


Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?

No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST


Can a collection agency for a parking ticket be put on your credit report?

It wount be a collection aggency. But the city can put a judgment on your credit report that will effect your credit score.


Can a collection agency sue for unpaid credit card debt?

yes


How do you get rid of the money that you owe from collection agency without paying them and become good credit again?

how to get rid of the money that you owe from collection agency without paying them and become good credit again


Can a credit collection agency threaten felony charges?

No it is a violation of the Fair Debt Collection Practices Act


How do you remove collections from credit report?

You can remove collections from your credit report by disputing them to the credit bureaus. The credit bureaus have 30 days to verify your collection with the collection agency or it must be removed from your credit report.


Can your car be repossessed for credit card debt?

Unless the credt card company is the lienholder on your vehicle, no.