Is an Unreported Debt Still Valid?

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“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?”

[NOTE: Articles and answers on DearEsq., while written and published by lawyers, do not constitute legal advice, and no attorney-client relationship is formed by your reading of this information. You should always consult with an attorney for any legal situations.]

Yes.

Recommended Reading (click on the picture for details):
How to Get Out of Debt, Stay Out of Debt, and Live Prosperously



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Author: Anne P. Mitchell, Esq.

Anne P. Mitchell, Esq. is a noted family law expert, Internet law expert, and Professor of Law at Lincoln Law School of San Jose. She is the author of "Surviving Divorce: the Single Father's Guide" and "The Email Deliverability Handbook"

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