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What if a creditor is not on your credit report but trying to collect a debt?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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What is a charge off on your credit?
A charge off is when a creditor basically gives up trying to collect the debt and "charges off" the debt from their books. They do this more for their benefit than the one who owes. It allows them to close out the file and clean up their records. This looks especially bad on a credit report.
Does Home Depot report business credit to credit bureau?
does home depot report to credit bureaus? I am trying to rebuild my credit.
Does checking your credit report lower your FICO Score?
Chking your credit report does not lower it ... it actually raises it a few points.. I found this out when I was trying to get a mortgage loan
Your brother died tragically your son inherits his estate estate has to be run by an executor until son turns 21 2 and a half yrs Over 100000 in credit card debt What do you do?
After the applicable statute of limitations runs (typically four years on a credit card debt), the creditor will have a tough time collecting. If the creditor sues, you have to plead statute of limitations as an affirmative defense, but it is a good defense. ==Additional Answer== In some states there is a specific statutory period during which a creditor can make a claim against an estate. In Massachusetts, for example, once an estate has been filed for probate a creditor has one year to make a claim. After that period the creditor is barred from trying to collect from the estate. Check your state laws. If there is an executor then the estate must have been filed in probate court. If the creditor has already filed a claim against the estate in probate court then the claim will need to be paid before any disbursements are made from the assets of the estate. The creditor will not need to bring suit to collect and the claim filed will preserve its right to collect.
Is there any way to get companies to stop running your credit report?
I am trying to say.... How do you stop the creditors/companies on the bottom of your credit report to stop continuously running you credit? Like it says this inquiry will continue until such a date...How do you get that to stop?
If you have old debt from another country and a collection agency in the US is trying to collect can they report the debt on your US credit report?
It is possible.
Spouse forged my signature on credit app and now credit card company is trying to collect in California?
are you still with your wife, if not file id theft report with local PD and at FTC.gov put fraud alerts on your reports submit all docs to the original creditor and the CRA's and go from there
What is a charge off on your credit?
A charge off is when a creditor basically gives up trying to collect the debt and "charges off" the debt from their books. They do this more for their benefit than the one who owes. It allows them to close out the file and clean up their records. This looks especially bad on a credit report.
Can a collection agency put the same item on your credit report that has already been reported by the original creditor?
Yes. The original creditor more than likely put the item on first, then sold the account to a collection company who after unsuccessfully trying to collect the debt reported the item to the credit bureaus. So to you it was the same account or item but now the debt has transferred to a new company.
Does Home Depot report business credit to credit bureau?
does home depot report to credit bureaus? I am trying to rebuild my credit.
What does charge off on a credit report mean?
It means the creditor has essentially given up on trying to collect a debt from you (though they may have sold it to a collection agency for pennies on the dollar). There's also a "paid charge off", which means that, after they gave up, you paid it off anyway, which really doesn't do you much good, because a paid charge off looks just as bad on your credit report as a charge off. A charge off, of either kind, is the third worst thing you can have on your credit report, after (1) bankruptcy, and (2) repossession/foreclosure.
How long does a charge off remain on your credit report after paid off?
== == About 7 yrs, but if you respond to any credit inquiries from companies trying to collect any debt, it resets the time period to a new date, and the time starts over again. ONCE THIS ACCOUNT IS PAID, YOU CAN DISPUTE THIS ACCOUNT AND HAVE THE BUREAUS DELETE THIS FROM YOUR CREDIT REPORT. THIS WILL HAVE A POSITIVE AFFECT ON YOUR REPORT.
Should you pay a phone bill that is eight years old and a collections agency is trying to collect?
== == Make sure that you get your most recent credit report. You can go to AnnualCreditReport.com, and pull a three bureau credit report for free. Once you have your report check to see what the Date of Last Activity is on that collection account. This will determine if you have a collection that is older then the statue of limitation.
Does checking your credit report lower your FICO Score?
Chking your credit report does not lower it ... it actually raises it a few points.. I found this out when I was trying to get a mortgage loan
Creditor trying to collect from bankruptcy?
This is not a question. Good luck. If the question is, "Can one collect unsecured debt from a bankrupt company?" The answer is, "only if property is administered by the trustee."
Your brother died tragically your son inherits his estate estate has to be run by an executor until son turns 21 2 and a half yrs Over 100000 in credit card debt What do you do?
After the applicable statute of limitations runs (typically four years on a credit card debt), the creditor will have a tough time collecting. If the creditor sues, you have to plead statute of limitations as an affirmative defense, but it is a good defense. ==Additional Answer== In some states there is a specific statutory period during which a creditor can make a claim against an estate. In Massachusetts, for example, once an estate has been filed for probate a creditor has one year to make a claim. After that period the creditor is barred from trying to collect from the estate. Check your state laws. If there is an executor then the estate must have been filed in probate court. If the creditor has already filed a claim against the estate in probate court then the claim will need to be paid before any disbursements are made from the assets of the estate. The creditor will not need to bring suit to collect and the claim filed will preserve its right to collect.
Is there any way to get companies to stop running your credit report?
I am trying to say.... How do you stop the creditors/companies on the bottom of your credit report to stop continuously running you credit? Like it says this inquiry will continue until such a date...How do you get that to stop?
