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What else can I help you with?
What date starts the 7-year limit on a credit report?
depending on the creditor there is no time limit on bad credit reporting because when the seven years come close the creditor can sell your debt to another lender and the seven years start over
Why is your previous address reporting on your credit report?
Because your new address has not yet been registered to you by the credit companies. you should ask them to update their information.
Can a credit union list an account on your credit as a charge off and then a collection agency list the same account as a bad debt so that it appears to be two different items?
It happens all the time - but it shouldn't. More people should look at their credit reports so they will know what's on them. Check the Fair Credit Reporting Act. By law, only one creditor can list a given debt. Typically it's the original creditor (the subscriber reporting to the credit bureaus), that reports the information. While I don't want to advise you (I'm not an attorney) I would challenge anything on my credit report that I believe is incorrect. I would demand validation of any debt that I believe is incorrectly reported. One of the two institutions will be unable to validate because they cannot simultaneously report the same delinquency. With that said, remember: many people believe that whatever they do, they're not REALLY guilty as long as they don't get caught. The credit reporting agencies are no different. Until you challenge the lie on your CBR, your credit score will suffer. Pay your bills on time and these things will be less a concern over time.
What should you do about a debt that was charged off over 10 years ago and removed from your credit report but has now reappeared because it was bought by a new collection agency?
Under the FCRA (fair Credit Reporting Act) If a Creditor or collection agency cannot verify a debt they are not allowed to collect, contact you or report it. Violation of this act is a $1000 fine. There's no way for a collection agency to prove that you owe them money because there is only an assignment of debt and not a contract between you and the creditor. One loophole, if you signed an agreement wording "debtor agrees to be responsible for payment of this debt to creditor or it's assigns" then you will be responsible for paying it. A computer generated printout of debt is not enough for Proof of Debt Owed.
Is Formal communications is used in reporting progress of assigned tasks?
Formal communications are important because they allow for record keeping and accountability. They are quite pivotal in reporting progress of assigned tasks.
Has the Juvenile Justice and Delinquency Prevention Act helped?
no, because it doesn't address the main cause see link below
How can you remove a delinquency on your credit report?
Initially, it's not possible unless the delinquency was placed there in error. If the delinquency was placed there correctly, then you PROBABLY have no other option than to wait 7 years from the date of the FIRST delinquency, before it went to collections. HOWEVER, calling the creditor has worked for some people, although once your balance or settlement has been paid, they have less incentive to work with you. Still, it's worth a shot. When you do this you MUST ask the creditor to send you a letter stating that your delinquency has been removed from your report. This is important because you need this letter to submit to the three Credit Bureaus (TransUnion, Equifax, and Experian) so that it's official that your report has been adjusted accordingly. I hope this helps you. Good Luck!
What date starts the 7-year limit on a credit report?
depending on the creditor there is no time limit on bad credit reporting because when the seven years come close the creditor can sell your debt to another lender and the seven years start over
Why is your previous address reporting on your credit report?
Because your new address has not yet been registered to you by the credit companies. you should ask them to update their information.
How can a person get a past delinquent pay off a credit report when it was dismissed because of bankruptcy?
Really, the only way to have it removed is to dispute it with the credit bureau reporting it. The credit bureau will then contact the creditor for verification. If the creditor can't verify the account, it must be removed immediately. If the creditor can verify the account, your choices are limited to disputing it again and/or just waiting for 10 years for the account to come off of your report.
You paid your debt but creditors are still reporting it on your credit report as unpaid?
(An extension to my original question) My husband has said that there's something in the FACT Act or the FACTA act that states that we can bring a claim against the creditor that still has not changed my credit status to paid on my report, (and sue them?). It was paid Nov 2008 and it still says we owe. Furthermore, the original creditor is still reporting as well saying that they have never received confirmation (from the current creditor) that the debt was paid. We have been refused a home loan because of this. . . Is this true? Do we have a case to bring against them? -Ash
How do you use the word delinquent in a sentence?
I can give you several sentences.He has delinquency problems, and is on probation from jail.He is in delinquency on his loan.Juvenile delinquency is a big problem in the city.
Should you explain your credit situation before a potential ceditor runs your credit report?
No, wait for the result because the potential creditor may only receive a number from the credit reporting agency. If the potnl' creditor asks why you have a low score, or 'this-or-that' appeared on your credit report, then you'll probably want to explain.If this helped you, Please 'Recommend' Kevlarster
Why is it important to study juvenile delinquency?
Studying juvenile delinquency is important because it helps to understand the root causes of criminal behavior in young people and develop effective prevention and intervention strategies. By identifying risk factors early on, it is possible to address issues before they escalate into more serious criminal behavior. Additionally, studying juvenile delinquency is crucial for shaping policies and programs that promote the rehabilitation and reintegration of youth offenders back into society.
How does delinquency relate to a status of offenses?
Delinquency refers to behavior that is considered criminal or antisocial, typically committed by minors. Status offenses are behaviors that are only considered offenses because of the offender's age, such as truancy or curfew violations. Delinquency can involve status offenses but can also extend to more serious criminal behavior.
What were some possible reasons for dramitic rise in juvenile delinquency in the 1950s?
because their parents were living in denial
Can a credit union list an account on your credit as a charge off and then a collection agency list the same account as a bad debt so that it appears to be two different items?
It happens all the time - but it shouldn't. More people should look at their credit reports so they will know what's on them. Check the Fair Credit Reporting Act. By law, only one creditor can list a given debt. Typically it's the original creditor (the subscriber reporting to the credit bureaus), that reports the information. While I don't want to advise you (I'm not an attorney) I would challenge anything on my credit report that I believe is incorrect. I would demand validation of any debt that I believe is incorrectly reported. One of the two institutions will be unable to validate because they cannot simultaneously report the same delinquency. With that said, remember: many people believe that whatever they do, they're not REALLY guilty as long as they don't get caught. The credit reporting agencies are no different. Until you challenge the lie on your CBR, your credit score will suffer. Pay your bills on time and these things will be less a concern over time.
