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As far as I am aware (and I am currently in this situation), no. However, a collection agency automatically adds on additional charges for debt collection.
It may be worthy to note my situation here: I was sent to collections on an (illegitimate) unpaid move-out charge by Harvard House Apartments. What I noticed after checking my credit was that the bureau remarked this particular collection will be removed in Nov. 2010, which is only 2 years 8 months.
I was researching the specifics that a move-out charge is associated with (oral, written, promissory contract, etc...) since they each have their own statute of limitations. During that research I came across the question this person asked and thought it might pertain.
Hope it helps!
What else can I help you with?
When a debtor and a creditor are in agreement about how much money is owed the debt is said to be?
When a debtor and a creditor are in agreement about how much money is owed, the debt is said to be "liquidated." This means that the amount is fixed and agreed upon, eliminating any uncertainty regarding the total owed. In contrast, if the amount is disputed or contingent on certain conditions, the debt would be classified as "unliquidated."
Can judgments be disputed or is there a time limit?
There is no time limit regarding the dispute of information on your credit file. The Fair Debt Collection Practices Act provides a time limit for disputing a collection account, with exceptions and limitations. You can dispute a judgment by the same means as any other item on your credit report. You should be aware that legal entries in the public record portion of your credit report have different methods of getting on your credit and different standards of verification.
Winner of the 1876 disputed presidential election?
Rutherford b Hayes
Is it true that in some minor cases collection agencies will sometimes remove a collection from your record?
No. If it is a valid debt it will only be removed if paid in full or the SOL expires. Credit reporting is a totatlly voluntary activity. There is no federal or state law that compels or requires it. So a collection agency could, if they chose to, remove everything reported against consumers. It is always worth a try. If they refuse, what have you lost by asking? A more efficient method of having collection accounts removed is to dispute them with the credit bureaus. The Fair Credit Reporting Act states that any item disputed that cannot be verified within a 30-day period must be shielded from view. If a collection agency is no longer is business, the account was sold/transferred to another agency, or simply doesn't respond in time; the account will be "removed" from your credit report. The technique is slightly different, but the result would be the same. You can accomplish this by obtaining credit reports from all three major repositories: Equifax, Experian and TransUnion. In those reports are reference numbers and instructions for disputing information.
How can you settle a disputed bill with a collection agency who is trying to force you to pay the entire amount of the bill plus interest when you were never even sent an invoice from the creditor?
I don't know where you are in this. But, If the bill is disputed, you can request verification of the items or charges on the disputed bill. Then you can dispute directly with the collection agency and the original company about the invalid charges on the bill. If they state that the charges stand, or don't do anything other than re-sending the same bill stating that they have verified the bill (actually most do this), then you have the right to fire the collections agency. Send a Cease and Desist notice to the Collections Agency, this will force the original company to deal with you directly or go to another collections agent. If you never received a bill, but you agree to the charges without the interest, then you can contact the company that originally billed you, and see if they are willing to take a payoff of the bill in full minus the interest. If they are willing to do that payoff with out interest, then that would be the best way to go. However if they insist on the interest explain that since no bill was sent to you until you received the collections notice, and that you should not have to pay interest due to this very fact. Explain to them it is as much their fault, as it is yours, and in meeting in the middle it is a win/win situation. They get the principle amount, and you off their books, and you of course are able to go on with your life with no more collectors after you. Whenever you send a check for a payment in full, always note this fact on the memo field of the check. If they cash the check, then they cannot come after you for the interest involved in the account. Just keep a copy of that check for your records. I am not a laywer, but I have had to deal with situations like this personally and also through friends.. So please check with a Lawyer first, or do your own due diligence.
If something is disputed and removed from your credit report can a different collection agency re-submit the same account?
yes, unless the original creditor has been disputed.
Can a landlord send an ex-tentant to a collection agency for a disputed charge?
Yes, and the tenant can tell the collection agency the charge is disputed, and that could be the last you hear from them. If not, you need to research, follow and educate them on the rules of the Fair Debt Collection Practices Act, such as filing written notice of dispute, etc.
How do you use dispute as a verb?
To use "dispute" as a verb, you can say: "They disputed over the ownership of the land." "I disputed the charges on my credit card." "The two politicians disputed each other's claims during the debate." "He disputed the accuracy of the study findings."
If a debt is reflected on your credit report by a collection agency can the original creditor recall their collection allowing you to dispute the debt with the credit bureaus and have it removed?
YES, THIS COLLECTION ACCOUNT CAN BE DISPUTED; WHICH MEANS THAT AFTER THIS IS DISPUTED YOU CAN ALSO REQUEST FOR THIS ACCOUNT TO BE REMOVED FOR GOOD WITHOUT HAVING TO WAIT FOR THE SEVEN YEAR PERIOD. THIS WILL ALLOW YOU TO HAVE A CLEAN CREDIT HISTORY WHICH IN TURN INCREASE YOUR CREDIT RATING.
If you have a Last Will and Testament that states children arent to inherit anything is it possible for that to be disputed?
It can be disputed if it doesn't meet the requirements in your state. You need to check with an attorney who specializes in probate to make certain the will is properly drafted to accomplish what you desire.
Use dispute in a sentence?
Our patriotic soldiers disputed every inch of ground during the battle.
How do you remove a paid collection from your credit report if you paid even though disputed and did not agree with it and provided proof to original creditor who still sent you to a collection agency?
Don't let a collection agency push you around. As a consumer you have many rights. The best places for anyone to exercise their rights are in small claims courts. For less than $100 you can bring a collection agency to their knees.
Which of these have Slovakia and Hungary disputed over?
they disputed over a dam.
You have a valid debt that was purchased by another collection agency however the original date that the debt was opened was 2003 The new collection agency has it listed as 2005 is this legal?
The date that is of the most importance is the DLA, which is used if it pertains to the state SOL. The opening account date can be disputed and possibly amended, but it will not affect the validity of the debt or prohibit the collection process.
How do I remove a collection item on my credit report that was disputed but not removed?
Only the collection agency or the credit bureaus can remove a collection off a credit report. You can negotiate the removal of the collection off the credit report upon final payment of the debt owed. Some collection agencies have policies against this, some don't. You can also redispute it to the credit bureaus as many times as they will let you. It has a higher chance of being removed if it is paid off and an older account.
How would you run a report that listed only disputed transactions?
How would you run a report included only disputed transactions over$500?
What is the duration of Disputed Passage?
The duration of Disputed Passage is 1.45 hours.
