If you dispute something on your credit report and the collections agency cant verify that the account was yours or they dont respond in 30 days, it gets deleted off your credit report. When this happens, could the collections agency still sue you in court even though it has been deleted off of your credit file?
2006-12-16 10:31:14 · 5 answers · asked by Gods Son 2 in Business & Finance ➔ Credit
hang on to all of your documents, then if they do try to sue you, get a lawyer because they just broke the law by re-aging the debt, re-reporting it and not supporting the documents. They know this and they will not attempted to sue. not worth they time. they are just playing games.
2006-12-16 12:12:20 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The credit report is a record of your history to be used by lenders or possible employers, etc. The collection agency can still sue you. There are many companies out there whose sole purpose is to clean up your credit report by disputing errors but also items that belong to you.
2006-12-16 10:52:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
First call your lenders and word in case you may exercising recurring some kind of settlement with them. Get this all IN WRITING from them beforehand you deliver them any money. once you do pay them, pay basically with the help of money order or cashiers verify despatched with the help of qualified mail. when you seek for suggestion from with each and each creditor, you may start utilizing a fashion that many economic advisors recommend, some thing in many circumstances known because the "debt snowball." the necessary steps interior the debt snowball approach are as follows: a million. record all expenses in ascending order from smallest stability to best. that is the approach's maximum different characteristic, in that the order is determined with the help of quantity owed, not the speed of pastime charged. besides the indisputable fact that, if 2 expenses are very close in quantity owed, then the debt with the better pastime fee will be moved above interior the record. 2. dedicate to pay the minimum fee on each debt. 3. make certain how a lot more beneficial may be utilized in course of the smallest debt. 4. Pay the minimum fee plus the more beneficial quantity in course of that smallest debt until eventually that is paid off. 5. Then, upload the former minimum fee from the first debt to the more beneficial quantity, and be conscious the hot sum to the 2d smallest debt. 6. Repeat until eventually all expenses are paid in finished.
2016-11-30 20:51:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Chances are, no! If they can't verify the debt evidently they don't have the proof to sue you. It takes a lot more to sue someone than just going before the judge and saying, "this person owes me". You have to have a history, when were you last paid? where is the original agreement? If they can't verify it to the CRA they certainly won't be able to before a judge.
2006-12-16 11:49:52 · answer #4 · answered by Kevin K 3 · 1⤊ 0⤋
it don't work that way. if you dispute something it comes off your record for 30 days. if the company you are in dispute with does nothing or says it is yours, it will go right back on. you almost have to prove to the credit agency yourself that it isn't yours.
2006-12-16 10:42:04 · answer #5 · answered by george 2 6 · 1⤊ 0⤋