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Can a Collection Agency Report to the Credit Bureau Without Notifying You?

Credit Corp

Can a collection agency report to a credit bureau without notifying you? It does not come into play for creditors collecting their own debts. In its annual report to Congress about debt collection complaints, the Consumer Financial Protection Bureau described collection complaints received by the Federal Trade Commission (FTC).

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What Is Zombie Debt and Why Is It a Problem?

Credit Corp

Zombie Debts and Judgments. If the original creditor went to court and obtained a judgment against you for a debt, the zombie debt cycle can be more complicated. First, judgments provide the creditor with the legal means to collect via actions such as wage garnishments or bank account liens.

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How To Read Your Credit Report

Better Credit Blog

While it doesn’t usually affect your credit score , you may want to correct information with the credit bureau if an employer you’ve never worked for is listed. Phone Numbers: You’ll see phone numbers associated with your credit accounts. Credit Cards. Account number of your loan or credit line.