Can A Rental Company Report To The Credit Bureau A Higher Amount That What The Judge Granted?
We went to court with the landlord & settled with the judge to be out by a Jan 4th 2008 and pay the rental company $2500 dollars. Since then we have moved and checked our credit. The rental company reported that we owe them over 4000 dollars. Can they do this?
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NO they can't do this! Report them to the BBB, and find a lawyer to help you with this. Hope this helps, good luck to you.
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They are allowed to report was due them. you must write a letter to the credit bureau with supportive documentation from the judge and the bureau will clear up the issue for you;okay lovie? ♥nassy
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What you settled for, and what you owed them can be two different amounts. They'll report the amount owed.
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Yes they can just like any other business if you owe or owed them money and failed to pay it . They have a legal obligation to report it. However as long as thats the only bad report on your credit it will not damage it to much. But I would not make a habit of skiping payments if possible because it will catch up to you when you really need a bank loan in an emergency.
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