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There are three major national credit reporting agencies (Experian, Trans Union, and Equifax). All debts which have been reported to one of the three credit reporting agencies will show up on a report from that agency. Most people try to get a report from all three agencies so they can see all debts reported to all credit reporting agencies. However, if a debt was never reported by the creditor or a collection agency for the creditor to one of the credit reporting agencies, it will not show up on the credit report. Generally, if you owe a big company like Chase or Bank of America, or if a debt gets sent to a collection agency, it is on the report. But, if you owe $500 to Joe's Small Engine Repair down the street from where you live, it probably won't be on the report. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts and law, which I do not warrant, and I am not suggesting any course of action or inaction to any person. Speak to a lawyer for specific advice. If you have any questions, please refer to a lawyer in your jurisdiction. Thanks!
What else can I help you with?
How do you find debts owed to file bankruptcy?
get a copy of your credit report from all three credit bureaus
You have paid off all your debts how long does it take the credit reporting agencies to reflect this?
If you have paid off all your debts, and your credit report is not reflecting this then it is up to you to make sure that this is updated.
What if a creditor is not on your credit report but trying to collect a debt?
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.
If a collection account isn't a credit card does it fall off your credit report immediately once it is paid?
No. Negative entries concerning all creditor debts remain on the consumer's credit report for the required 7 years.
Does car repossession show on your credit report?
Almost all auto lenders will report a reposession to the credit bureaus. There is a possibility that they won't report to all three credit bureaus as credit reporting is a voluntary system. They may only report to one or two of the bureaus.
How you get the negative things off credit report if its been 7 years?
simply obtain a copy of your credit report, circle the debts that you are disputing and mail them a letter stating that you are disputing the circled debts because the seven year time limit has expired. The Identity Guard service includes a credit report from all three credit bureaus and also includes sample credit dispute letters that are very helpful for situations like yours. You can get this at www.creditscorehero.com . Good luck
Should old debts that are over five years old be off of your credit report?
Yes. You can get them removed. By law (the FCRA) all ACCURATE information stays on a credit report for 7.5 years. You can challenge ANY entry if you believe it to be inaccurate.
How do you find all my old debts?
To find your old debts, start by checking your credit report, which will list most of your outstanding debts and payment history. You can request a free report from the major credit bureaus once a year. Additionally, review your personal records, such as bank statements and payment receipts, and reach out to past creditors or lenders directly for information. Lastly, consider using a debt recovery service for assistance in locating any forgotten debts.
Who do you contact about removing debts from your credit report that are at or have exceeded the seven-year mark?
Contact all 3 major credit bureaus Equifax, TransUnion & Experian. Send the letters to them certified or by registered mail.
If several debts listed on a credit report are sold to a new collection agency and then paid in full can the debts from the old agency be disputed and removed from a credit report?
Yes and no. What the original credit agency should be reporting is that the debt was transferred to a new collector. Once you have proof that the debt was paid in full, you should be able to provide all creditors that are reporting negative info regarding that debt that this is the case and they should mark your records accordingly with a zero balance. It is really entirely up to them as to whether or not they totally remove the entry from your credit report.
Where can you get your credit report from all three companies free?
You can get your credit report from all three credit companies by going to your local bank and asking a mortgage consultant to run your credit report.
If you co sign on a loan does it show up on your credit report if they stay current with the bills?
Yes. All co-signs will show up on your credit report becaue you are ultimately responsible for that debt should the primary borrower not make the payments.
