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aboroth
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Subject: notification of debt

Mon Sep 21, 2009 5:18 pm

Does your creditor have to notify you of a past due account before it goes 30 days, other than a statement?

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Tue Sep 22, 2009 4:57 am

Hi aboroth

A debt collector will contact you for a debt and within the first 5 days of first contacting you, they will send a written notice mentioning the amount of money you owe, the name of the creditor to whom you owe the money and what action you may take if you believe that the debt is not yours.

Besides this a debt collector expects you to be regular with your payment and may not remind you of collections again unless you are delinquent on a payment.
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aboroth
Guest

Tue Sep 22, 2009 3:18 pm

I understand that my question was are they legally obligated to notify me of debt prior to my account going 30 days past due. I ask because I had a credit card which I though had zero balance go 30 days without any notification, other than the statement, as soon as I saw it had a balance I paid it off but is now reporting to the bureau's as a 30 day account.

fireyone

Joined: 26 Feb 2008
fireyone's page
Posts: 4285

127 Magic Points

Tue Sep 22, 2009 6:48 pm

aboroth, I believe they do inform you but I believe the only way they do this is by mailing you the bill. Had you not got the bill that was showing a balance due then I would contact them and let them know you did not recieve a bill. A monthly billing statement is required. I would try calling them and asking them to graciously update your account. If you have always been timely with payments and a good customer many will not have trouble doing this. If you have to stress these points.

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Wed Sep 23, 2009 2:28 am

Great advice fireyone, I have one or two that I need to try that with.

Do you suggest writing a letter to them and ask them or calling them up and dealing with it one on one?

sunnyca

Joined: 10 Sep 2009
sunnyca's page
Posts: 148

954 Magic Points

Wed Sep 23, 2009 5:34 am

There is now law which reuires you to notify before it is 30 days late

You bill have yoru due date and some of the comapnies probably call you if pass yoru due date

Soem reminders

aboroth
Guest

Fri Sep 25, 2009 6:05 pm

Thanks for the help everyone. I called and they said they do not do any notification until the account is 90+ days. My credit bureau has been updated that this account was 30+. Is there anyway to get this removed?

sunnyca

Joined: 10 Sep 2009
sunnyca's page
Posts: 148

954 Magic Points

Sat Sep 26, 2009 8:32 pm

One it hits the Credit report you cannot remove it, unless it is a worng entry

If it is a wrong entry you can alsow dispute the smae

The credit bureau will contact the respective lender and ask them for clarifiation

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Sun Sep 27, 2009 1:17 pm

It is a process though, you must file a dispute with the credit reporting agency, you can do this electronically, by writing a letter or by calling them, I found that it is much quicker to call them and have them investigate it, I had something removed with in 10 days by picking up the phone and getting someone on the line.

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