This is for a timeshare we bought, but they committed fraud, we tried to cancel but they would always give us the run around.We never gave them our social security # and this was done in mexico. Either way, we never made a payment to the timeshare and they just sent us a letter saying that they will report us to all major credit bureous. How long before they ACTUALLY do?
2006-12-10 10:39:55 · 5 answers · asked by Justme 2 in Business & Finance ➔ Credit
Before a collection agency can put anything on your reports, they have to give you the opportunity to dispute the debt. Many persons miss this step. Your letter probably reads something like: "Unless you dispute the validity of this debt, we will report it to all major credit bureaus...". So definitely dispute it! They may not even be able to prove it's your debt. Simply write a letter that says "I dispute this debt and your claim, and request validation."
That's step one, and part of your rights under the FDCPA. They have to stop collection efforts until they validate the debt. IF they validate, then you can go on to step #2, which is to get the BBB and your State Attorney General involved. If they can't, guess what, they cannot put it on your reports! So you definitely want to write them and request validation.
To answer your question though, if you do not request validation they can report in 30 days.
2006-12-10 11:56:33 · answer #1 · answered by Kevin K 3 · 1⤊ 0⤋
Can they actually report her to credit a bureou without having her social security number?
2006-12-10 12:29:47 · answer #2 · answered by Tony 1 · 0⤊ 0⤋
Usually within 6 months
2006-12-10 10:47:05 · answer #3 · answered by Mopar Muscle Gal 7 · 1⤊ 1⤋
It depends on when and if the collection agency reports it.
Here is a good reference: http://www.expert-credit-advice.com/index_credit.htm
2006-12-10 11:15:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
they need have SSN to report, otherwise I can report anybody, they own me money.
2006-12-10 12:49:25 · answer #5 · answered by Gary 2 · 0⤊ 0⤋