Tuesday, January 13, 2015

Is it legal for a collection agency to not report my debt to the major credit report agencies such as experian , transunion , and equifax

Question

Is it legal for a collection agency to not report my debt to the major credit report agencies such as experian , transunion , and equifax



Answer

It's peculiar that it's not being reported, but I'd think you'd be happy that the debt is not being reported. If the credit card provider does not report it to the agencies, then they don't know to put it in their reports.



Answer

Reporting to the credit reporting agencies is not a legal requirement.



Answer

There is no law that anyone or any business is required to report to credit agencies. Many don't.



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