What information can a debt collector give to credit bureaus?

In California, a debt collector can provide information to credit bureaus about debts owed by individuals or businesses. This information may include how long the debt has been owed, how much is owed, and whether the debt has been paid. The credit bureaus use this information to create credit reports for individuals and businesses. Debt collectors are also responsible for providing credit bureaus with accurate and up-to-date information about any payments made on the debt. Debt collectors are required to follow certain guidelines when reporting information to credit bureaus. They must only report information that is accurate and up-to-date, and they cannot report any false or inaccurate information. Additionally, debt collectors must provide credit bureaus with notification when debts have been paid off. Debt collectors are also responsible for providing credit bureaus with any changes in the status of a debt or any payment plans that have been made. For example, if a debt collector is working with a debtor on a payment plan, they must notify the credit bureaus of any changes made to the plan. Finally, debt collectors must provide the credit bureaus with any additional information requested by the credit bureaus. This additional information might include documentation verifying the debt or a detail statement of the debt itself. By providing credit bureaus with accurate and up-to-date information, debt collectors help keep credit reports accurate and reliable.

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