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Credit Reports

A collection agency just pulled my credit bureau report for a cc debt that is 16 years old. The SOL has expired and the debt has been off my credit report for years. So, is it legal for this 3rd party collection agency to access my credit report?

Answer: The answer is likely yes. Although the debt has expired, this only prevents collectors from using the courts to enforce the collection of the debt. They still have the right to try and collect old debts; even 16 year old debts. This also means they have a “legitimate business reason” to pull your report. But you can protect yourself ...

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A disputed medical-office fee from six years ago suddenly reappared with a collection agency. I pointed out that the statue of limitations had long since passed on the debt. Two months later, they added it to my credit report. Can they add expired debts to a credit report?

Answer: Defaulted debts can be added to credit reports for 7 years after the date of default. But they must be added accurately. If the addition is inaccurate, or you want help trying to settle the debt and get if off your credit report, you may need help from Attorneys For Consumers licensed in you state.

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Can debt collectors legally request copies of my credit reports?

Answer: According to the Fair Credit Reporting Act, when your past due account is sent to collections, debt collectors can legally check your credit report where the original creditor has or had that right. Instances where the original creditor (and thus subsequent collectors) have that right (often referred to as a “legitimate business purpose”) include when you sign credit agreements ...

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Credit Report Questions

Answer to Credit Report Questions #1 Section 809(b) requires that, if the consumer disputes the debt or requests identification of the original creditor in writing, the collector must cease collection efforts until he verifies the debt and mails a response. Section 809(c) states that a consumer’s failure to dispute the validity of a debt under this section may not be ...

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