DEBT

Asked July 7, 2016, 12:09 PM EDT

MY QUESTION IS IF THE BILL . COLLECTOR THAT HAS YOU IN THE CREDIT BUREU WHERE YOU OWE YOUR DEBT TO IS CLOSED DOWN AND THEY HAVE NO FOWARDING ADDRESS ,CAN THE CREDIT BUREA STILL COLLECT OR DO THEY REMOVE THE BILL. I HOPE THIS BETTER SAID. AGAIN I THANK YOU FOR YOUR TIME. BEATRICE

Maricopa County Arizona personal finance

1 Response

Beatrice:

Credit bureaus do not collect payments from people who owe money to others. They simply report whether or not timely payments were made. Negative information, such as late payments, will drop off your credit history in 7 years (from the date when the debt was originally due). For more information, see http://articles.extension.org/pages/25271/what-you-need-to-know-about-your-credit-report