Collection Accounts Reporting to Credit Agencies

by Chasity
(Houston, TX, USA)

Is there a statute of limitations for debt collectors to send an unpaid balance to the credit bureau?

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Mar 17, 2010
 collection account and credit reports
by: Gerri

No, Chastity, the collection agency is not obligated to report the account to the credit reporting agencies within a specific period of time. However, if and when they do, they must report it accurately. And collection accounts may only be reported for 7.5 years from the date you first fell behind with the original creditor. That's a hard and fast rule and does not change based on when the collection agency starts reporting.

You may want to listen to our
collections and credit reports podcast for more information on this topic.

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