Do PDL's effect your credit score

Date: Mon, 08/09/2010 - 09:07

Submitted by anonymous
on Mon, 08/09/2010 - 09:07

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Total Replies: 3

Just wondering if not paying one's PDL would effect one's credit score. Thanks for everything.

If the PDL company is licensed in your state, it can report to t

If the PDL company is licensed in your state, it can report to the credit bureaus.

lrhall41

Submitted by paulcahill80 on Mon, 08/09/2010 - 09:37

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Also, if you default on a legal loan, they can send the account

Also, if you default on a legal loan, they can send the account to a collection agency (who may report) and/or sue you and obtain a judgment, which will effect your report.

It mostly depends on your state's laws and whether the company is legal.

lrhall41

Submitted by OhioGal1 on Mon, 08/09/2010 - 10:42

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So, my question (glad I found this thread after searching for aw

So, my question (glad I found this thread after searching for awhile) is can an illegal PDL report to the credit bureaus? If they do, as I think I've seen some people say they have. How do you dispute it? Through the credit reporting agency (Exp, Trans, Eq) or through the PDL? I would assume the agency because the PDL would be no help. I just got a CA to refer it back to the lender so I'm sure they'll try something. I am going to pull my report at the beginning of 2011 because I know it takes 6-8 weeks for your report to show changes. I assume there is a letter template somewhere on DCC on how to dispute an illegal PDL on a credit report, right???

lrhall41

Submitted by J L B on Wed, 10/27/2010 - 09:29

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