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7th Circuit Says Credit Agencies Need Not Dig Into Debt Ownership

Collection Industry News

Circuit Court of Appeals ruled that the Fair Credit Reporting Act does not require consumer credit agencies to further investigate when a borrower disputes a debt collector’s ownership of their debt. Attorneys for the borrowers and credit agencies did not immediately reply to requests for comment on Friday. ’”. “We

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4 Ways To Remove Collections From Your Credit Report

Better Credit Blog

If they are unable to validate the debt, you can ask them to remove it from your credit report. When your original creditor can’t collect your past-due balance, it’ll sell your debt to a debt collection agency which means you now owe the money to the agency. Have a Professional Remove Collections From Your Credit Report.