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Is it legal for a creditor to place a consumer disputes account statement on your credit report?
Wiki User
∙ 13y ago
yes and really you should do it yourself if there is a dispute. When a lending institution or merchant looks at your report and an account is past due, you want an explanation as to why it is not being paid.
Wiki User
∙ 13y ago
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How do you get a creditor to withdraw late payment reports that occured after you filed BK if the creditor claims they can continue to report this?
If the account with the late payments was discharged in the bankruptcy, that account needs to have all information removed except for the "discharged in bankruptcy" (or similar) statement. Once the account is discharged, continuing to show late payments is like hitting the consumer twice. Send the original creditor copies of the pertinent pages from your bankruptcy papers, copies of your id, ss card and a letter requesting that they change the way the account is being reported to the bureaus. Concurrently, write the bureaus and request the same changes. If you are not successful, you may have to file suit to have the information shown accurately.
If you attach a statement to an account on your credit record saying this account does not belong to you can this account be used for a FICO Score?
It is not possible to "attach a statement to an account". It is only possible to place a consumer statement on your report. This is important distinction and should answer the remainder of your question. In general, your statement, which may refer to a certain disputed account, shows to all who access your credit. But the fact that it is separate from the account itself means that the account would be used in the calculation of your credit scores.
How does a creditor know where your bank is?
can you keep a creditor from finding your account
Can a creditor put an attachment on a joint account in NY?
A creditor can put an attachment on a joint savings or checking account in NY. When an account is held jointly with another individual, the creditor does not know who contributes more to the account and secures the account as an asset.
Can a creditor garnishment my bank account when all the money in it is Federal annuity?
yes, i creditor can garnish a bank account to $0 regardless of where the funds in the account came from
How do you dispute the paid collection account or how do you phrase the dispute since it is a valid item on the report?
You're question is really confusing. If you are talking about a collection account in which you paid, you should have gotten a check back from your bank if paid with a check. Or you can contact your bank for a duplicate copy of the check. Or you should have gotten a copy type of statement that serves as a reciept. If you are refering to getting a collect account off your credit report, you can place a call to the company that left the mark on your credit and ask them to have it removed. You can also do that with medical bills. Send written correspondence of no more than 100 words to all three major credit bureaus, citing the creditor, the account number and the applicable dates. Do not send copies of statements, cancelled checks, etc. The credit bureaus DO NOT take the word of the consumer that the account has been paid or satisfied. The creditor will be contacted to either confirm or deny the consumer's claim. If the claim is found valid the entry will be corrected, if the creditor does not confirm the account has been paid or settled the negative entry will remain. The consumer's letter will be placed in his or her credit file.
Why would a creditor garnish a bank where I don't have an account?
This begs curiosity as to why you would be aware that the creditor attempted to garnish an account where you have no accounts. Prior to serving garnishment of an account, the creditor will need to know that you do have an account or accounts at the bank. This is typically verified by the legal department or a skip tracer. If no account exists, or if there are no funds available to attach, the creditor will be notified, but there is no reason for a bank to notify you if no account exists. If you have no account at a bank, for all intents, you do not exist to the bank.
Do you need to include account numbers for both the collection agency and the original creditor on your bankruptcy form?
Include the original account number if you are including the original creditor. Include the account number for the collection agency if you do not have the orignal creditor information and are including them as "Care Of" for service.
Why is the same creditor on my credit report twice?
Is it for the same account or do you have another account with them?
What is the CASA statement?
CASA statement means 'Current Account, Saving Account Statement'.
Can a creditor levy your bank account and how?
A creditor can only levy your bank account by getting a judgment against you. To do that, they must sue you. And they must win in court. If you are sued by a creditor, be sure to show up for court to prevent this from happening.
What is an account statement?
An account statement is a record of transactions and their effect on bank account balances.
