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1099 c is received and the debt is cancelled Does it still remain on your credit report?
If 1099 c is received and the debt is cancelled means that it still remains on your credit report.
Is ones debt completely gone when it is removed from credit report record?
It may not be, records on your credit report can expire and disapear but the debt still needs to be repaid
Do you owe a debt that is no longer reported on a credit report?
Yes, the debt is still valid and collectible.
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 a debt on your credit report says 'bad debt write off ' can the creditor still sue you or collect the money?
= If your credit report reports that you have a bad debt write-off, then it means that the original creditor has written off the debt, but they can still sell the rights to the debt to a collection agency and they can contact you and take legal action.
If a debt doesnt appear on your credit report can a debt collector still try to get payment?
Yes, credit report has nothing to do with Debt collection. What you should be looking for is State Statute of Limitation. Please type it in google and check the law for your state. Thanks!
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.
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.
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.
Removing old debt from credit report?
how to removing old bebt from credit report
If a delinquent account was never reported and it suddenly appears on your credit report 5 or 6 years later are you still responsible for that debt?
A consumer's responsibility for a debt is a separate issue than credit reporting. If you owed a debt 5 or 6 years ago, and never paid it, you still owe it. There is a statute of limitations for how long a debt can be collected, another for how long a consumer can be sued over a debt and another for how long a debt can show on your credit report.
