This is a fraudulent way to add trade lines to your credit report, since the trade lines are basically rented to get a loan, and they are not truly yours. It has been noticed by the mortgage industry, at least, and there are safeguards. It is easy enough for you to obtain four tradelines (stores, affinity cards) on your own and keep them paid up on time and so to build your credit rating as time passes.
Consult with a debt collector. They have the legal qualifications to report to credit reporting agencies.
You have the right to see your credit report. If you have asked some person or institution to extend credit to you, they have a right to see your credit report. In many jurisdictions, potential employers may also obtain your credit report. If the police are considering whether you may be a suspect in a criminal investigation, they may also view your credit report.
Since you are probably not legal to enter into a contract, you probably don't have a credit history.
== == Collection agencies do not have the legal right to pull your credit report unless you gave them permission.
IT IS NOT ILEGAL FOR ANYONE TO HAVE A DEBT SHOW UP TWICE ON THEIR CREDIT REPORT. THE BEST THING TO DO IS CALL THE CREDITOR OR COLLECTION AGENCY THAT THIS DEBT IS UNDER AND HAVE THEM REMOVE THE EXTRA INFORMATION OFF OF YOUR CREDIT REPORT. ASK THEM TO REPORT IT TO THE BUREAUS IN ORDER FOR THIS TO BE RESOLVED.
An outstanding judgment is a court order that gives a creditor the legal right to collect from a debtor. As court judgments are a matter of public record, a creditor can report the judgment on the debtor's credit reports. An example of a judgment placed on a credit report would be a judgment for eviction. This judgment will remain on the credit report for seven years from the filing date.
A judgment on your credit report conveys the decision of a court concerning a lawsuit. Amounts owed to the creditor are described in the judgment. A lien on a credit report expresses the legal right of one party to keep possession of property belonging to another party.
reporting credit delinquenciesI am a landlord. My tenant is seriously in default of her lease and is in arrears in excess of $5,500. and refuses to pay. How can I report her to the credit agencies?-----------------You will need to take her to court (small claims court) and get a judgment against her. The judgment is a legal action against her and will show up on her credit report.
The credit accounts will appear in the credit portion of your report for seven years from their date of last activity. The legal item will appear in the public record portion for 10 years from the date of its' discharge.
Any business that you have dealings with can "Pull" a credit report. I would think that they would do so before allowing you to get into debt. But if they do it after it is still legal.
Absolutely. You authorized additional pulls of your credit when you established the account. This is not only legal, but customary. Credit card issuers periodically check your credit to see how you are managing your financial obligations. If they notice late payments on other credit accounts, they can use clauses in your contract to raise your interest rate, even if you have never paid THEM late. They also perform an inquiry into your credit report in conjunction with an increase of your credit limit.
The Fair Credit Reporting Act allows the legal action of foreclosure to remain for 7 years from the date of filing.