Results 1 to 4 of 4

Thread: Credit Bureau listing and collection

  1. #1
    Email problem
    Join Date
    May 2011
    Location
    piet retief
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Credit Bureau listing and collection

    Can a company list you on ITC for 2 years under account status "Bad Debt Written Off" and then after that listing expires (2 years for bad debt written off to be cleared off your name) list you on experian for a judgment? Its been more than 3 years now and I have a debt collector bothering me for money. Can they do this, and does the prescription rule fall away since the judgment was listed 2 years after it was written off?

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    I believe the key question is how long after the debt was incurred did they obtain the judgement.

    Anthony Stern did a rather good explanation of prescription here.

  3. #3
    Email problem
    Join Date
    May 2011
    Location
    piet retief
    Posts
    4
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thanks for the link, cleared up part of the question but the first question still leaves me abit puzzled. Can a company as in my case, list you on transunion for Bad debt written off in 2008 and then 2 years later list you on another bureau with a judgment for the same debt? Why did transunion list it as written off if it wasnt, which exactly why I ignored it in the first place as there was only 6 months left when i received my report then it would be automatically removed?

  4. #4
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    22,648
    Thanks
    3,304
    Thanked 2,676 Times in 2,257 Posts
    Blog Entries
    12
    The fact that they've written off the debt on their books as doubtful or irrecoverable doesn't mean they've given up the right to collect through due process.

    I also suggest there are different types of listings with credit bureaus - an adverse report (essentially reporting a default from payment terms) and a judgement - and I don't see anything that suggests that one listing precludes the other.

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •