I have been in a dispute with an on-line service for several months now. I have contacted my credit card company on this issue and have received my money back and have had my credit number changed. However, this on-line service insists i owe them the money still. This issue went to my card services fraud dept. I canceled this on-line service several times but they chose to ignore me. Would this issue hurt my credit rating?
It is possible that the online service may be able to send the account to a collection agent. Generally speaking, when an account is sent to collections it will be reported on the credit report and therefore negatively impact your rating. However, if you believe that the information reported on your credit report is inaccurate then you can dispute the inaccuracy. Below I will provide you with information as to how you can dispute the item, in case this happens.
The Fair Credit Reporting Act (FCRA), a federal law, requires consumer credit reporting companies to report accurate information. If you find any inaccurate information in your credit report, you should dispute the credit report listing with the bureau in question.
What kind of a service is this? Did you have a contract with them? If you had a contract with them you must have canceled the contract by now. In that case you can dispute this item if it gets listed on your credit report.
Aaron _________________ Keep in touch
Tue Aug 05, 2014 9:34 am
VmIgFG wow, awesome post.Really looking forward to read more. Awesome.
Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.