Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can a collection agency report the debt to a credit bureau?

April 26, 2017agency collection Credit bureau debt report

0

Posted

Can a collection agency report the debt to a credit bureau?

1 Answer

0

Posted

Collection agencies do have the ability to report your debt to the credit bureaus. Most collection agencies will not report your debt immediately to the collection agencies. This gives you time to either dispute the debt or pay it off before it is marked on your credit record. Thus, it is even more important to handle the collection agency as soon as possible.