Sentences with phrase «updated on debt collection»

Oversee the forwarding of monthly statements to clients to keep them updated on debt collection activities

Not exact matches

Insider tip on small errors on legitimate collections you really do owe: Even if a collection account is removed from your credit file, if your state's statute of limitations for collecting the debt has not passed, the collection agency will probably update its records with the correct information and report it to the credit bureau, where you will see the account reported correctly.

According to the bureaus — Equifax, Experian and TransUnion — the proper way to report a resolved collection debt is that, when paid, the account is updated to reflect a «paid collection» that remains on the credit report for the remainder of its seven - year life.

Update — The proposed rule regarding debt collections on FHA loans was rescinded by the Federal Housing Administration in June 2012.