Until you pay your debt or file bankruptcy.
Yes, they can. However, most don't provided you make a payment agreement with them and honor it until the bill is paid in full.
No.
Information only comes off the credit report when the original creditor who reported the information requests the credit bureau to remove it, or if the credit bureau removes it after they have made the attempt to contact the creditor to request them to remove it and the creditor fails to respond. If the creditor cannot be located which is another way they may fail to respond, the credit bureau may remove it after a period of time. In all cases, you the consumer must initiate the process to contest the information in writing. Because the credit bureau customers are the creditors and not you, the credit bureau will only make changes when their customers (the creditors) ask them to. The creditors all pay annual fees to the credit bureaus to be a member and have the ability to put payment history information into your credit file. That's why the consumer must contest the information, then force the credit bureaus to validate and confirm the information with their customer first, then take the appropriate action once they get a response or fail to get a response.
That depends on what you mean by "can't find or locate a creditor". If you get a copy of each of your credit reports, they will list the contact information for each of the creditors that are reporting any type of information about you on your credit report. if you cannot get a response from the creditor after locating their contact information on your credit report, then you may want to "dispute" the information with the credit bureau that is reporting the information. Simply write a letter to the credit bureau stating that the information being reported on XYZ account is not accurate. Please remove this information from my credit file. The bureau will contact the reporting creditor...if the creditor does not respond within a timely fashion, the information will be removed from your credit file.
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.
Yes, they can. However, most don't provided you make a payment agreement with them and honor it until the bill is paid in full.
No.
When you are late on your payment for a credit card, car loan, mortgage, etc... these "creditors" can report this late payment to the credit bureau that they have a relationship with (either Trans Union, Experian, or Equifax).These credit bureaus in turn stick it on your credit report which negatively affects your credit score.There are30 day late payment items,60 day late payment items,and 90 day late payment items.Many people remove these items by disputing them with the credit bureau (the credit bureau then has 30 days to go back to the creditor to verify the late payment). Sometimes it works and sometimes it doesn't.
California Bureau of State Audits was created in 1993.
California Bureau of Gambling Control was created in 1998.
California Bureau of Naturopathic Medicine was created in 2004.
Yes. There are no laws stating that any creditor has to report to any more than one credit bureau (and the creditor is allowed to choose which one to report to).
Yes, they can report you for any amount they are owed.
Information only comes off the credit report when the original creditor who reported the information requests the credit bureau to remove it, or if the credit bureau removes it after they have made the attempt to contact the creditor to request them to remove it and the creditor fails to respond. If the creditor cannot be located which is another way they may fail to respond, the credit bureau may remove it after a period of time. In all cases, you the consumer must initiate the process to contest the information in writing. Because the credit bureau customers are the creditors and not you, the credit bureau will only make changes when their customers (the creditors) ask them to. The creditors all pay annual fees to the credit bureaus to be a member and have the ability to put payment history information into your credit file. That's why the consumer must contest the information, then force the credit bureaus to validate and confirm the information with their customer first, then take the appropriate action once they get a response or fail to get a response.
The "Truth in Lending and Consumer Leasing Acts" allow borrowers to sue a creditor or credit bureau that verifies incorrect data about his or her credit history.
California Bureau for Private Postsecondary Education was created in 2010.
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