Can a scavenger bill collector report to the credit bureaus?
I have a credit card debt that went into collections 7 years ago. It was a $500 credit card that reached $1600 after fees and interest. It has been turned over to a scavenger bill collector and they now want $2700. I am in TX and the SOL is 4 years. Can they still report this account on my credit report? I have not made contact with any one.
Yes, even scavenger or zombie bill collectors can report debts to the credit bureaus.
However, derogatory items age off your credit report 7-1/2 years after the date of first deficiency. Collection agencies cannot report the debt if it is beyond the reporting period. Should it show up on your credit report, dispute it as being beyond the reporting period.
Additionally, since you know the debt is beyond the SOL for your state, you can simply send the collection agency a certified, return receipt letter telling the to cease and desist all contact. They have to stop all contact. But will probably sell the debt to another zombie collector. You may have to send a letter to the next one.
Don’t waste your time talking to them on the phone.
June 16th, 2010 at 4:13 am
Reporting to the credit bureau can be done even after the SOL has run. The SOL means they cannot SUCCESSFULLY sue you for the debt. That is all.
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June 16th, 2010 at 5:03 am
They can report it to the credit bureau. What you need to do is challenge the debt with the credit bureau. If the collection agency cannot produce concrete proof that you owe the debt then the collection will be removed from your credit report.
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June 16th, 2010 at 5:17 am
If they previously got a judgment (possibly by default if you didn’t show up even if the SOL had expired), the SOL was extended for 10 years in Texas (can also be extended again).
http://www.cardreport.com/laws/judgement-sol.html
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June 16th, 2010 at 5:25 am
Yes, even scavenger or zombie bill collectors can report debts to the credit bureaus.
However, derogatory items age off your credit report 7-1/2 years after the date of first deficiency. Collection agencies cannot report the debt if it is beyond the reporting period. Should it show up on your credit report, dispute it as being beyond the reporting period.
Additionally, since you know the debt is beyond the SOL for your state, you can simply send the collection agency a certified, return receipt letter telling the to cease and desist all contact. They have to stop all contact. But will probably sell the debt to another zombie collector. You may have to send a letter to the next one.
Don’t waste your time talking to them on the phone.
References :