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What else can I help you with?
Do you owe a debt that is no longer reported on a credit report?
Yes, the debt is still valid and collectible.
If you pay off an old debt no longer on your credit report will it be placed back on the credit report?
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
Can a collection agency remove debt from my credit report?
No, a collection agency cannot remove debt from your credit report. Only the credit bureaus or the original creditor can remove the debt from your credit report.
If the debt is not showing on your credit report do you have to pay it?
You still owe the debt but if it isn't reflected on your credit reports then it won't impact your FICO score which is what everyone bases the decision on giving a loan or not.
Can creditors call once the debt is no longer on your credit report?
No. If they are tell them that the debt is paid off, and ask for them to cease any future calls. You might want to check to see if your credit report is updated with this paid status.
Do you owe a debt that is no longer reported on a credit report?
Yes, the debt is still valid and collectible.
If you pay off an old debt no longer on your credit report will it be placed back on the credit report?
Yes it can. You should agree to pay it only if there is an agreement to not report it to the credit reporting agencies.
What is more credit damaging Bankruptcy or settling a credit card debt?
Bankruptcy would be more credit damaging than just having large credit card debt, mainly because it stays on your credit report for longer. One of the biggest disadvantages of filing for bankruptcy is the lasting effect it has on your credit report- typically staying on your report for 7-10 years. With credit card debt there are more flexible options and obviously when you pay the debt and does not stay on your report for as long.
Can a collection agency remove debt from my credit report?
No, a collection agency cannot remove debt from your credit report. Only the credit bureaus or the original creditor can remove the debt from your credit report.
If the debt is not showing on your credit report do you have to pay it?
You still owe the debt but if it isn't reflected on your credit reports then it won't impact your FICO score which is what everyone bases the decision on giving a loan or not.
Can creditors call once the debt is no longer on your credit report?
No. If they are tell them that the debt is paid off, and ask for them to cease any future calls. You might want to check to see if your credit report is updated with this paid status.
When a negative remark falls off the credit report after 7 years does it lower the credit score or swing it higher if the debt was never paid?
When the negative debt is completely erased from your credit history, your credit score will experience an upward swing. Also, the longer time goes by and you have clean clear credit (and the debt is still on your report), your credit score will improve.
How do I report a debt to a credit agency?
To report a debt to a credit agency, you can contact the agency directly and provide them with the necessary information about the debt, such as the amount owed and the creditor's details. The agency will then update your credit report with this information.
Can you be sued for a debt that does not appear on your credit report?
Yes, the credit report has no bearing on whether a debt is valid and subject to litigation.
Removing old debt from credit report?
how to removing old bebt from credit report
Can debt collectors report to credit bureaus?
Yes, debt collectors can report unpaid debts to credit bureaus, which can negatively impact a person's credit score.
Can debt collectors remove items from my credit report?
Debt collectors cannot remove items from your credit report. Only the credit bureaus or the original creditor can do so.
