Hawaii Report to Creditor by Collection Agency Regarding Judgment Against Debtor

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Multi-State
Control #:
US-01418BG
Format:
Word; 
Rich Text
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No particular language is necessary for this type of report so long as the report clearly conveys the necessary information.

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FAQ

Keep in mind that making a partial payment or acknowledging you owe an old debt, even after the statute of limitations expired, may restart the time period. It may also be affected by terms in the contract with the creditor or if you moved to a state where the laws differ.

Open accounts/written contracts: The Hawaii statute of limitations on open accounts and written contracts is six years. Credit card accounts, loans that do not fall within the ambit of the Uniform Commercial Code, and debts arising under other written agreements all fall under the same six year statute of limitations.

Therefore, even if collection agencies came under the umbrage of the law, they can still report to the credit bureau without notifying you. This would cause the debt to appear on your credit report, which will cause your credit score to drop.

Does the 7-year period repeat? In short, no. The 7-year rule means that each negative remark remains on your report for 7 years (possibly more depending on the remark). However, after that period has ended, a remark will fall off of your report.

In California, there is generally a four-year limit for filing a lawsuit to collect a debt based on a written agreement.

§ 807. A debt collector may not use any false, deceptive, or misleading representation or means in connection with the collection of any debt.

The Fair Debt Collection Practices Act (FDCPA) prohibits harassment, abuse, and other behavior intended to bully debtors. If a debt collector is violating the FDCPA in their attempts to collect money from you, you have the right to sue them.

The statute of limitations on debt typically ranges 3 ? 6 years, depending on the debt type and the state you live in.

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Hawaii Report to Creditor by Collection Agency Regarding Judgment Against Debtor