Posted on: 10th Sep, 2012 12:11 am
Asset Acceptance is reporting a key derogatory item for, what I'm assuming is, a missed payment every month. This account was a collections account from a Citibank card in 2008, so it's been CO'd for over 4 years. My updates on my credit monitoring services are telling me a missed payment has posted to my credit report every month, and TU is showing the account as an "open" collection. Are they allowed to do this?
Hi Womby,
If you have really missed the payments, then the creditors/collection agency and the credit bureaus will have the right to mention this in your credit report.
Thanks,
Jerry
If you have really missed the payments, then the creditors/collection agency and the credit bureaus will have the right to mention this in your credit report.
Thanks,
Jerry
Hi Womby!
Welcome to forums!
I agree with what Jerry has said. If you have missed a payment, then it will be reported to your credit report.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I agree with what Jerry has said. If you have missed a payment, then it will be reported to your credit report.
Feel free to ask if you've further queries.
Sussane
Your credit report is a reflection of your credit behavior. If you have missed payments, that will must show in your report.
A bankruptcy digcharse releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are digcharsed. The digcharse is a permanent order prohibiting the creditors of the debtor from taking any form of collection action on digcharsed debts, including legal action and communications with the debtor, such as telephone calls, letters, and personal contacts.Although a debtor is not personally liable for digcharsed debts, a valid lien such as a charge upon specific property to secure payment of a debt (such as a home or automobile loan), will remain after the bankruptcy case. Therefore, a secured creditor may enforce the lien to recover the property secured by the lien.Here is a complete article on Bankruptcy for your reference: