If your ex wife took out the card and listed you as a applicant [using your social security #, income or even forged your signature, then you could be held responsible.
The best thing to do [if this is the case] is pay off the debt and then take the ex to small claims court to sue for the amount you paid out on this debt that may have been obtained fraudulently.
Unfortunately, if the debt is a joint debt, a divorce decree doesn't supersede an written contract.
If you were in no way connected to the debt, inform the collection agency to stop placing calls to home/work, follow up with a cease and desist letter. You may also want to contact either the Better Business Bureau or your state's Attorney General to report that you are being contacted for a debt that is not yours.
Yes Once a collection account is reported to your credit history, its origin no longer matters. If money is owed and it gets listed with a credit reporting agency as a collection account, it affects the main factor in your credit score: Payment history. See www.myfico.com/CreditEducation/WhatsInYourScore.aspx for details of a FICO score.
Generally, the person that signed up for the credit card is responsible. If any users were added to the account, they are also responsible. This include joint accounts. You cannot inherit credit card debt. So, do not believe a collection agency when they tell you that. See the FDCPA for your rights in debt collection.
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.
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.
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
If his name is not on the card,(He did not sign for the card) Then NO! And credit cards are unsecured loans.
File a dispute with the credit reporting agency.
Yes Once a collection account is reported to your credit history, its origin no longer matters. If money is owed and it gets listed with a credit reporting agency as a collection account, it affects the main factor in your credit score: Payment history. See www.myfico.com/CreditEducation/WhatsInYourScore.aspx for details of a FICO score.
Generally, the person that signed up for the credit card is responsible. If any users were added to the account, they are also responsible. This include joint accounts. You cannot inherit credit card debt. So, do not believe a collection agency when they tell you that. See the FDCPA for your rights in debt collection.
No the collection will not be removed from the credit report. They will show it paid in full.
Unless you have given a collection agency written permission to pull a full credit report they are in violation of credit laws.
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.
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.
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.
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
A collection agency needs to report a delinquent account to the credit bureaus in order to negatively impact your credit score. This typically happens when you fail to make payments on a debt, and the collection agency takes action to collect the owed amount. The credit bureaus then update your credit report with this information, which can lower your credit score.
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.