is there a limit on the when a collection agency can report the debt to the credit bureau
2007-03-21 23:54:55 · 2 answers · asked by jimmygreats 1 in Business & Finance ➔ Personal Finance
As long as you owe the money, the collection agency can report it. There is no timeframe of when they report it and there is nothing that says if they haven't reported it for the last two years, they can't report it now.
It will stay on your credit report for 7 years.
2007-03-22 01:41:54 · answer #1 · answered by Faye H 6 · 2⤊ 0⤋
Please tell me why you think it's OK to steal money. I see these postings all the time. People ask "Do I Have to Pay My Debts ...." or "Can They Find Out I Owe..." You borrowed money and now you don't want to pay it back. Please tell me your side. It does not make sense to me. I've had a credit card since I was 16. I liked to spend money. I ended up w/ about $3,000 by the time I graduated from school. You know what I did when I got a job. I paid it off a little bit each month!! Now, I put only a few hundred on credit card each month and pay it off. When I want to buy something big like a PC, I pay it off over a few months. It's not that hard. I never buy something I can't afford. People like you make no sense to me. Please explain your way of thinking to me.
2007-03-22 08:13:47 · answer #2 · answered by InvisibleWar 2 · 0⤊ 1⤋