If you have a derogatory record on your credit report from a collection agency and you pay off the debt in full, will the debt be taken off of your report sooner? Or do you still have to wait the seven years?
I am in the military and currently serving in Afghanistan. Prior to my departure I turned in my car lease under the Service Member Relief Act. When I check my credit report, it shows up as voluntary repossession, and then right after that it says “Due to military service.” Does this have a negative impact on my credit?
I have two collection agencies reporting the same item. If I pay the current collection company will both of them be updated as paid in full or do I have to pay them separately?
If you have had a vehicle repossessed, will it stay on your credit if the creditor keeps selling the papers to different creditors?
Can a charged off account on your credit report that was opened in 1999 and closed in 2010 be sold to another collection agency and then be given to an attorney to get payment from me?
I received a letter from a collection agency asking that I pay almost $3,000 for a debt that was originally a credit card opened in 1996. It seemed to come out of the blue, and when I called to get some bearings I was not given satisfactory answers or clarification. When I mentioned that this hasn’t been on my credit report they replied that they don’t report to the credit bureaus. Isn’t that what would make them legitimate? If they don’t report to the credit bureaus are they a legitimate company?
My son has an account that was delinquent and charged off over 10 years ago. Yet, this evening we received a call from a credit agency looking for him regarding this debt. This is ridiculous! They said that they can continue to try to contact him no matter what. This debt is over 10 years old. What rights does my son have?
How can an item be on your credit twice, once under the original credit grantor and then under a collection agency? How does this affect the deletion date?
What is the time frame that collections agencies can go after their money?
Can I include a letter in my credit report to explain a charge off or collection?