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

Credit Corp

Debt collection agencies have a long history of harassment and illegal practices. Can a collection agency report to a credit bureau without notifying you? Knowing illegal debt collection practices can help identify when you’re being treated unfairly. The name of the original creditor to whom the debt is owed.

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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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Can a Collection Agency Change an Account’s Open Date?

Taurus Collect

They might also be able to add legal costs and debt collection fees to the total amount owed. Enforcement of Judgment: If the court rules in favour of the agency, they can enforce the judgment to recover the debt. Dispute the Error: Contact the credit bureau reporting the error and the collection agency.

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How To Remove Negative Items From Your Credit Report

Better Credit Blog

So by making good credit decisions now, you’re adding positive information to your credit history that’s newer than your negative information. How to Monitor Your Credit to Detect Inaccuracies. Federal law gives you the right to one free credit report from each credit bureau each year. Charge Offs.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 4, Colorado Governor Jared Polis signed SB93 into law.

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What is RentGrow on My Credit Report?

Better Credit Blog

Both RentGrow and the credit bureaus should help you get the inaccurate entry off your report. Hard credit inquiries can impact any one of your credit scores, or all three of them. As such, you need to dispute the inquiry with every credit bureau that is displaying the entry from RentGrow on their reports.

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Clerical Error in Creditor’s Name Does Not Sink Debt Collector

Consumer Financial Services Law

A demand letter sent by a debt collector was not doomed by an incorrect statement of the creditor’s name. National Credit Systems, Inc., the debt collector’s initial letter stated as follows: Re: ENCOMPASS MANAGEMENT CONSULTANTS Account #: 3118797 Balance: $875.33 National Credit Systems, Inc.,