|
|
| *Loan,banking and credit>>>credit report |
My family member is getting sued for an outstanding balance, but that isn't being shown on the credit report? |
My mom recently received a letter from a law office stating that my mom has an unpaid balance of close to five thousand dollars. It states she had opened an account for a chase bank mastercard back in the mid 90's. We received a thorough credit report. And it states that she had never opened this account; she never had a mastercard; her credit is fine; and that there's no unpaid balance at this amount. If we're taken to court, will this credit report be concrete proof of my mom's innocence? Thank you The credit report is not even credible evidence of your mom's innocence. Not every company reports bad debts to the credit bureau. Additionally, there are three different agencies and many companies only report to one. On the other side of the coin, this sounds like a scam to me. She should write back to the law office and demand written proof of the debt. She should NOT provide identifying information that is not included in the letter as the intent of many of these scams is two fold, to get you to pay the money to them (the obvious goal) and to collect personal information to steal your identity (can you please verify your SSN?) It's a scam. They want you to pay the $5,000 that you don't really owe. Oldest scam in the book. I like the "you have a cell phone bill for $98.00 we will forward to collection if yo udon't pay." First of all the statute of limitations has passed. They cannot sue you. Be very careful about any communication you have with this agency. They may try to claim that your communication with them started a new time period where they can take legal action against you. A common tactic of these agencies is to try to come up with an excuse to reinstate the loan and turn the clock back to zero. Second: They may attempt to report this to the credit bureaus. I would contact an attorney who specializes in credit issues to see what your aoptions are as far as a lawsuit or other legal action against this credit reporting agency. Third: Your mother may be a victim of identity theft. When you contact the attorney you might ask for some advice about checking on that and clearing it up if that is the case. DO NOT PAY IT, FORGET ABOUT YOUR CREDIT SCORE IT WILL ALL CLEAR UP IN TIME, AND IT A SHAME THIS COUNTRY RATES PEOPLE ON THEIR CREDIT SCORE ..."TALK ABOUT PROFILING MY God ITS TERRIBLE! You have the right to request proof from the collecting party of the debt, if they do not produce it you do not have to pay. Most likely it is a scam, I get two a month from collection companies claiming to represent AOL, Netflix, or other subscription services I once had accounts with and needing $60-90 dollars to close an account. It is a scam they just think I will pay to make them go away. No a Credit Report is not proof of anything, as some companies are not required to report to credit agencies and they are not a court/state governed agency. |
| Tags |
| credit check credit counseling credit debt credit line credit repair credit report credit score credit card online bad credit loan bank of american |
SiteMap--Copyright/IP Policy--Contact Webmaster--Resource of HR For personal non-commercial use only. |