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If you owe someone money can they report you to the credit agency?
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Does a credit agency have to notify you of money due before they report to the credit agency?
No
Is it possible to get an instant credit report?
An instant credit report will almost always cost you money. Depending on your circumstances and how quickly you need this credit report, it may be more worthwhile to send an application to a proper credit reporting agency. There are several instant credit report companies on the Internet and they are not always certified. You may equally be able to get an instant credit report from a proper credit reporting agency. This may come by fax or e-mail. It is not a very common practice to obtain instant credit reports more than once.
May a creditor report the debt to a credit rating agency after the debt is time-barred?
Generally speaking, at some point the creditor is not going to spend the money to keep a deragatory on your credit report. In the case of Bankruptcy it stays on you credit report for 10 yeas. In the case of foreclosure it stays on your credit report for 7 years.
Does a unpaid bank balance go onto a credit report. I have been told by a so called collection agency that an amount under 1500.00 is not substantial enough to be put on my credit report?
That is up to the discretion of the organization to which you owe the money.
Who do you contact to clean up your credit report?
You will need to contact the credit reporting agency that has posted incorrect information - the contact information will be included in the credit report sent to you, or you can contact the company via its website. However, if your credit report has weak points but the information is accurate, you will have to improve your money management habits to get the information to eventually drop off the report. Pay down debt, make payments on time, keep on top of what money is where, etc.
Does a credit agency have to notify you of money due before they report to the credit agency?
No
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.
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 someone owes you money can you put a notice on their credit report of upcoming lawsuit even before judgment occurs?
If someone owes you money, you can not put a notice on their credit report of an upcoming lawsuit. A judgment must be entered in court, before it can be reported to a credit report.
Is it possible to get an instant credit report?
An instant credit report will almost always cost you money. Depending on your circumstances and how quickly you need this credit report, it may be more worthwhile to send an application to a proper credit reporting agency. There are several instant credit report companies on the Internet and they are not always certified. You may equally be able to get an instant credit report from a proper credit reporting agency. This may come by fax or e-mail. It is not a very common practice to obtain instant credit reports more than once.
What is the site you can get credit report?
In the United States, you are entitled to one free credit report each year from each credit reporting agency. There are three major credit reporting agencies and they have set up a site to assist you in obtaining your free annual credit report. It is annualcreditreport.com. This is the only website where you can get your credit report for free. Any other website will charge you money.
May a creditor report the debt to a credit rating agency after the debt is time-barred?
Generally speaking, at some point the creditor is not going to spend the money to keep a deragatory on your credit report. In the case of Bankruptcy it stays on you credit report for 10 yeas. In the case of foreclosure it stays on your credit report for 7 years.
Does a unpaid bank balance go onto a credit report. I have been told by a so called collection agency that an amount under 1500.00 is not substantial enough to be put on my credit report?
That is up to the discretion of the organization to which you owe the money.
Who do you contact to clean up your credit report?
You will need to contact the credit reporting agency that has posted incorrect information - the contact information will be included in the credit report sent to you, or you can contact the company via its website. However, if your credit report has weak points but the information is accurate, you will have to improve your money management habits to get the information to eventually drop off the report. Pay down debt, make payments on time, keep on top of what money is where, etc.
If a collection agency takes over a charge can they repost it as a new hit on your credit report?
If it is a purchased debt then yes, the money is owed to a different creditor...there fore the new hit on your report.
What if a carlot doesn't report your payoff on a car how can you get that fixed?
File a dispute with the credit reporting agencies. The car lot will have to prove that you still owe money or the credit reporting agency will change it.
If you settled a charged off account with a collections agency for less than the full amount can they resell the difference to another agency?
Yes unfortunately they can. Companies today want the charged off account money and will sell it to another agency in order to get this. It will show up on your credit report under another company...so you have 2 listings on your credit report for the original account.
