A debt does not have to be reported to a credit bureau in order for the business to pursue collections, sue or place the account with a collection agency. If a debt is owed, it can be collected by phone calls, letters, personal visits or through the court system.
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.
The TransUnion Credit Bureau, or TransUnion Canada, is an international organization that was founded in 1989; it is one of two major credit reporting agencies in Canada. It allows its customers to view their credit scores, reports, and manage credit debt.
Yes, if there is a legal contract saying that the money is owed it can be reported to the credit bureau. It is up to them to determine if it falls under American Law.
There are many credit card debt management services available. Some of the following have an A plus rating with the Better Business Bureau: Consolidated Credit Services and Step Change Credit Services.
Write a letter of dispute to the credit repository. Include copies of your drivers license, social security card, utility bill, and your bankruptcy papers showing the referenced account. Ask that the bureau remove all notations other than "included (or discharged) in bankruptcy". Request a complete credit report after the account has been corrected. Repeat, as needed.
no
I would assume through a credit bureau
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 can get credit score advice and debt consolidation information from your banker. They can order a credit bureau score for you and tell you what your score is, how to clean up your credit and perhaps lend you funds to consolidate and pay down the debt faster.
If you leave the country your credit will not be wiped clean. The "black" marks will remain on your credit bureau for 7 years after the date of your last payment to the debt(acknoledgement of the debt) Different countries have their own credit bureau's ie. Canada, US. However it is possible for a creditor to transfer the bad debt onto the credit bureau of the country you reside. Running away will not fix your credit problems. The best option is to deal with your individual creditors and make arrangements.
The TransUnion Credit Bureau, or TransUnion Canada, is an international organization that was founded in 1989; it is one of two major credit reporting agencies in Canada. It allows its customers to view their credit scores, reports, and manage credit debt.
Consult with a debt collector. They have the legal qualifications to report to credit reporting agencies.
Yes, if there is a legal contract saying that the money is owed it can be reported to the credit bureau. It is up to them to determine if it falls under American Law.
There are many credit card debt management services available. Some of the following have an A plus rating with the Better Business Bureau: Consolidated Credit Services and Step Change Credit Services.
The original creditor either sells the debt to a collection agency or the collection agency may aquire the debt on a contingency basis. At any rate once the account is in collections 30 days from the date of turn over the collection agency has the right to report the account to the credit bureau. Accounts are sent to the credit bureau via internet with encrypted files.
Write a letter of dispute to the credit repository. Include copies of your drivers license, social security card, utility bill, and your bankruptcy papers showing the referenced account. Ask that the bureau remove all notations other than "included (or discharged) in bankruptcy". Request a complete credit report after the account has been corrected. Repeat, as needed.
You have to prove that you do not owe the debt. If it goes to court. A way to do that would be canceled checks, money order receipt, credit card or bank statement. If this is just an account in collection, the collection agency must prove you owe the debt. Demand, in writing, that evidence be produced showing you clearly owe the debt. If it has reached your credit report or credit file, dispute the listing on your report with the credit bureau. Tell them why you do not owe the debt. Having a document like I recommended above when you would be in court, is helpful when disputing with the credit bureau. Best of luck.