Is an Unreported Debt Still Valid?
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If a debt does not show up on a credit report, but then does a year later, is the debt valid? |
“If a credit reporting agency never sent you anything stating you have a debt owed to a creditor and you find it on your credit report 1 yr later, is the debt still valid?”
Yes.
Recommended Reading (click on the picture for details):
Can Someone Leave a Summons Taped to my Front Door? Is this Legal?
Can I Be Held Liable for my Spouse’s Debts?
Can a Spouse File Bankruptcy Without the Other Spouse?
For more on this subject check out these categories: Finances, Credit Reports
Anne P. Mitchell, Esq. is a noted family law expert, Internet law expert, and Professor of Law at Lincoln Law School of San Jose. Contact This Author
State laws vary, and the above is intended as general advice, and not direct legal advice regarding any one particular situation in any one state. For direct personal legal advice related to your own situation you should consult an attorney familiar with the laws of your state and with your situation.
