illegal pdl's and collection agencies
Date: Thu, 10/29/2009 - 15:47
If an internet pdl is no legal and they turn you into collections, will it show on your credit report? I'm in Nevada and DJR said they turned me into collections, I've gotten one phone call from monarch resolutions, but so far nothing is showing on my credit report. I defaulted and closed my account in August.
Just keep an eye on your credit report, if it does show up, disp
Just keep an eye on your credit report, if it does show up, dispute it on the grounds the loan was illegal to begin with.
Quote:Originally Posted by AnonymousIf an internet pdl is no leg
Quote:
Originally Posted by Anonymous If an internet pdl is no legal and they turn you into collections, will it show on your credit report? I'm in Nevada and DJR said they turned me into collections, I've gotten one phone call from monarch resolutions, but so far nothing is showing on my credit report. I defaulted and closed my account in August. |
No, the collection agency mustn't report it to the credit bureaus. But in many instances it's been seen that CAs have reported even illegal pdls to the bureaus. Just do as Shazz has said. If it appears, you can get it removed by disputing with the CRAs.
i have had that happen to me and i did have it removed so it is
i have had that happen to me and i did have it removed so it is easy to fix if it happens. just keep an eye on it, and i would send a debt validation letter to the collector noting that the loan was illegal.
no, illegal lenders do not have a legal leg to stand on.
no, illegal lenders do not have a legal leg to stand on.