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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
What else can I help you with?
What happens to a credit card debt after 7 years?
After 7 years, most credit card debts are typically removed from your credit report due to the Fair Credit Reporting Act, which limits the reporting of negative information to seven years. However, this does not eliminate the actual debt; creditors can still pursue collection efforts or legal action to recover the amount owed. Additionally, while your credit report may no longer reflect the debt, it can still impact your creditworthiness if you have unpaid collections lingering. It's important to address any outstanding debts even if they fall off your credit report.
How long do unpaid traffic tickets stay on a credit report?
Unpaid traffic tickets are not reported to the credit bureaus.
How can you get an unpaid bill put on someones credit report?
Take them to court.
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.
How long does an unpaid judgment stay on a credit report in new york?
5 years
How long do unpaid medical bills stay on your credit report?
Like other late payments reported to a credit reporting agency, an unpaid medical bill may stay on a credit report for up to seven years.
Report an unpaid bill to credit bureau?
How do I report an unpaid bill to a credit bureau?
How long does an unpaid tax lien stay on your credit report in Pennsylvania?
The Fair Credit Reporting Act allows unpaid tax liens to remain indefinitely on your credit report. Paid tax liens may remain for 7 years from the date of payment.
What happens to your lower credit rating after you've paid off your collection accounts?
Nothing, a paid collection reporting on your credit report is just the same as if it was reporting unpaid, they both are negative entries.
What happens to a credit card debt after 7 years?
After 7 years, most credit card debts are typically removed from your credit report due to the Fair Credit Reporting Act, which limits the reporting of negative information to seven years. However, this does not eliminate the actual debt; creditors can still pursue collection efforts or legal action to recover the amount owed. Additionally, while your credit report may no longer reflect the debt, it can still impact your creditworthiness if you have unpaid collections lingering. It's important to address any outstanding debts even if they fall off your credit report.
Report on public credit presented a plan deliberately intended to?
Reporting to the public credit about unpaid debt intents to get it paid faster. The company makes it easier to pay with monthly payments.
How long do unpaid traffic tickets stay on a credit report?
Unpaid traffic tickets are not reported to the credit bureaus.
How do you report someone who owes you money to the credit reporting agencies?
If you are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.
Who can report delinquent accounts to credit reporting agencies?
Any creditor you owe money to can report your delinquent accounts. Generally utility companies and cell phone providers will only report if you have an unpaid balance. Credit cards, mortgages and installment loans are 99.99% of the time reported.
If you have unpaid hoa fees and receive a collection letter form an attorney does that go on your credit report?
If the attorney's office reports to any of the credit reporting agencies, because the have a lic. to do so for collections then yes! but if they do not they most likely will just take you to court for a judgenment . that for sure will go on your credit report
How can you get an unpaid bill put on someones credit report?
Take them to court.
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.
