dfwmustangs legal question?

[chronical]

Read the post above, dude. You don't seem to understand the differences between reporting, collecting, and bureaus. I get the feeling the knowledge you have is from a local lender.

Are you saying that a debt collector can report to the bureaus indefinitely?
And a consumer will have adverse information in their report indefinitely if a debt collector chooses to, assuming the debt is never paid ?

[CJ]

Are you saying that a debt collector can report to the bureaus indefinitely?
And a consumer will have adverse information in their report indefinitely if a debt collector chooses to, assuming the debt is never paid ?

He is a summary that literally proves everything I've said:



I've seen collections on bureaus from the 60's, 80's, 90's, etc. I see them every single day. It just depends on the lender and the customer's location, and the individual situations. There is no seven year rule, it all depends on several circumstances. You are perpetuating incorrect information.

[chronical]

I told the op that the debt can't be reported.
You said not true
I provide the Fair credit report act and a few links that say exactly what I said
You said I'm just parroting something I heard
I ask you to provide a link to back up your claim

You post a link for Texas' statue of limitations to file suit which has nothing to do with what I said and what you challenged.

Obviously one of us doesn't know what they are talking about

[CJ]

I told the op that the debt can't be reported.
You said not true
I provide the Fair credit report act and a few links that say exactly what I said
You said I'm just parroting something I heard
I ask you to provide a link to back up your claim

You post a link for Texas' statue of limitations to file suit which has nothing to do with what I said and what you challenged.

Obviously one of us doesn't know what they are talking about

lol might want to edit that post.

[chronical]

He is a summary that literally proves everything I've said:



I've seen collections on bureaus from the 60's, 80's, 90's, etc. I see them every single day. It just depends on the lender and the customer's location, and the individual situations. There is no seven year rule, it all depends on several circumstances. You are perpetuating incorrect information.

REPORTING is what we are talking about.

Yes. Just because the debt is no longer permitted to be reported doesn't mean you magically don't owe the debt. Yes you would still owe. Yes it can be collected on. No, you could not sue indefinitely. No you can not report past 7 years

[CJ]

First, it's not me. But a friend has a medical bill from 2008 (hospital) that is 1200 bucks. He never knew of it until two years ago when he had his credit checked to buy a car. Fast forward to today he gets a phone call from somebody claiming to be a lawyer and saying that they hospital is going to sue him if he doesn't pay. Can they legally do this, or do you guys think it's a scare tactic from a debt collector?

Auto finance companies do not care about medical collections. I know of no scorecards in use by large auto lenders that factor medical collections. The last five companies I've worked for completely ignore them.

[chronical]

lol might want to edit that post.

Lol I was typing that when you posted. My above post is still valid.

[chronical]

Auto finance companies do not care about medical collections. I know of no scorecards in use by large auto lenders that factor medical collections. The last five companies I've worked for completely ignore them.

Some do some don't. Not specific to the auto industry. It's specific to which version of Fico is being used. Yes I realize not everyone uses fico. Most do though

[CJ]

Some do some don't. Not specific to the auto industry. It's specific to which version of Fico is being used. Yes I realize not everyone uses fico. Most do though

No large auto finance companies score off FICO. It's usually a decision alert, but it is not a basis for approval. Some small lenders will use FICO, because they can't afford scorecards. Auto lenders almost always use 07 bureaus, some dealers use 09 classic.

[CJ]

REPORTING is what we are talking about.

Yes. Just because the debt is no longer permitted to be reported doesn't mean you magically don't owe the debt. Yes you would still owe. Yes it can be collected on. No, you could not sue indefinitely. No you can not report past 7 years

How often do you look at bureaus? Unfortunately, this is something only someone who looks at bureaus would know the truth to. I'd love to show you any bureau on the planet, but obviously, that would be a privacy violation. I feel the only way you'd be unaware of this would be the fact you don't actually look at credit bureaus.

[chronical]

No large auto finance companies score off FICO. It's usually a decision alert, but it is not a basis for approval. Some small lenders will use FICO, because they can't afford scorecards.

Lol

[chronical]

How often do you look at bureaus? Unfortunately, this is something only someone who looks at bureaus would know the truth to. I'd love to show you any bureau on the planet, but obviously, that would be a privacy violation. I feel the only way you'd be unaware of this would be the fact you don't actually look at credit bureaus.

K!

[CJ]

Lol

I did not expect you to know this. You seem like you worked as a collector at a company that handled revolving debts. Is that right?

[chronical]

The fact you don't know this pretty much proves my point.

No. You have derailed the argument. You aren't going to concede that you are wrong and you are. That's ok. We both know.

[CJ]

No. You have derailed the argument. You aren't going to concede that you are wrong and you are. That's ok. We both know.

I asked you to provide some evidence to support what you're saying about 20 posts ago, and instead of doing that you've just run your mouth. I have provided several different sources that cover what I'm saying, and yet, here we are.