I had a certain creditor on my credit report for an apartment complex but the apartment complex is filing bankrupcty. Will the apartment complex stay on my credit report or will it be taken off since they filed bankruptcy?
2006-09-25 07:47:52 · 6 answers · asked by soopa_chill 2 in Business & Finance ➔ Credit
It isn't on my credit report now because I just got a copy of my report but I have gotten collection letters from a collection agency before.
2006-09-25 09:37:19 · update #1
it might come off. you will have to dispute the trade line with the credit bureaus and hopefully no one will reply and it will come off your reports.
2006-09-25 08:32:50 · answer #1 · answered by bella_4624_19 4 · 0⤊ 0⤋
If the complex shows it as a collectible debt on Accounts Receivable, the bankruptcy court may try to collect.
If they had already written it off as a bad debt, it is gone from their records. This depends on the age of the debt.
It will still remain on your credit report as uncollectible or written off.
2006-09-25 08:01:51 · answer #2 · answered by ed 7 · 0⤊ 0⤋
i don't be attentive to which component to the FCRA Katie is getting her training from. yet have faith me, my reproduction does not accept as true with something she is asserting. actuality. damaging products could come off your credit document after 7 years, beginning up on the day of the delinquency. actuality. they won't be reinserted after this era with the aid of sale to a distinctive series agent, or the different reason. actuality. it won't be able to be indexed extra then as quickly as on your credit document. in easy terms a creditor who has a criminal suitable to gather the debt can checklist. Any others can no longer in all probability validate the debt, for this reason posting on your document is a clean violation. actuality. i've got helped many human beings document small claims suits for those very motives, and that i've got performed it myself (gained $1200). Now that pronounced, are you concerning damaging or derogitory comments on your background? Or is there some line of credit which you in easy terms want deleted (which you somewhat do no longer want to do if that is in sturdy status).
2016-10-17 23:05:54 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Yeah, you're pretty much stuck with that listing on your credit report until enough time passes that it works it's way off (usually 7 years)
2006-09-25 07:55:48 · answer #4 · answered by Jamie A 2 · 0⤊ 0⤋
yes, they will sell the amount to another creditor.
2006-09-25 07:52:16 · answer #5 · answered by Morrie 2 · 0⤊ 0⤋
yes
2006-09-26 01:06:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋