Ok so this is a random question- My aunt is getting really pissed off at my cousin (her daughter) for this so I was wondering if it is true or not bc she is known for majorly exageratting. So my aunt put her daughter (my cousin) on her blockbuster account because you have to have a credit card to open one and my cousin didnt have one bc she was only 18. So my cousin checked out movies and forgot to return them on time, like they were super late when she finally did. So my aunt gets a bill in the mail for the amount of the movies bc she has to buy them now and that her block buster acct will be closed bc of this. She claims that by her daughter doing this it could have compeltely ruined her credit score- like by having her blockbuster acct closed and having to pay the $ for the movies it could ruin her credit....I think that sounds crazy but I don't know- is that true? could it really ruin your credit for that to happen?
thank you!!
2007-03-14 16:15:06 · 2 answers · asked by aly 5 in Business & Finance ➔ Credit
If your aunt doesn't pay then it probably will go on her credit as a negative, especially if Blockbuster turns it over to a collection agency.
If she pays BB "before" they turn it over to a collection agency, and BB happens to be reporting the lates, she should write a goodwill letter to BB and explain what had happened and ask for goodwill on BB's part in removing the lates from her reports.
Tell her it would be in her best interests to pay BB herself as soon as possible and then try to get the money from her daughter. (if she waits on her daughter to pay BB, it may not get paid - at least in a timely manner)
2007-03-14 20:59:46 · answer #1 · answered by echo 7 · 0⤊ 0⤋
If the account is not paid, Blockbuster will turn it over to a collection company and they will go after your Aunt. This will result in collection activity and if still not paid court action that will result in a judgment. After this happens it will be reported on your Aunts credit and it will continue to report for 7-years after she finally pays it. They can also garnish your Aunts wages after a judgment is awarded by the court.
Your Aunt should pay this before any of this happens and then go after your cousin herself.
2007-03-15 09:45:09 · answer #2 · answered by ? 7 · 0⤊ 0⤋