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What happens with Delinquent Accounts on my credit report?

My credit card accounts are with collection agencies. Will they harress my parents or run their credit report?

  • I have 6 credit cards account with collection agencies(around $5,000 total) I usually don't pick up my mobile when they call. Most of the collection mail goes to my PO Box address. Although my bank and financial accounts have my parents address listed. Recently they are calling my parents home to get in touch with me. I told them not to call my parents home. I visit them once in a while. Most of the collection agencies have ran my credit report to see if I own any property/house. My parents have excellent credit. They are hardworking middle class family. Will they run my parents credit to see if they can target them to pay off my debt? That would be so unfair and unkind to my parents. They don't owe a single penny to credit cards. I am willing to pay them. Through debt consolidation or payment plans. I am sure they wont mess with my parents credit, but I would like to hear from you guys. They probably have my parents name and address. Is it enough to run their credit? I am 24

  • Answer:

    As long as your parents did not co-sign for your credit cards they have nothing to do with your debts. In fact, if collection agencies ever contact your parents in regards with your debts they will be in violation of FDCPA Section 805 (b) and you can sue them for $1000 in damages. FDCP Act § 805. Communication in connection with debt collection [15 USC 1692c] (b) COMMUNICATION WITH THIRD PARTIES. [...] without the prior consent of the consumer given directly to the debt collector, or the express permission of a court of competent jurisdiction [...] a debt collector may not communicate, in connection with the collection of any debt, with any person other than a consumer, his attorney, a consumer reporting agency if otherwise permitted by law, the creditor, the attorney of the creditor, or the attorney of the debt collector.

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As long as these accounts are only in your name and you have no financial ties to your parents they cannot collect from them or ruin their credit.Your parents can complain about them calling and request it be stopped.My advice would be to pay up and restore your credit.They can through legal action freeze your financial accounts .

strandlock

your parents will not be affected at all because your credit cards are in your name. i would suggest that the 5,000 dept be paid because the creditors will do anything they can to get their money back.

★→Damian←★

all you had to do was make at least the minimum payment due on your credit cards to avoid this huge of trouble. I do not understand why or how some people fail to pay even the minimum due. Minimum due is like $2.50 for every $100 spent. That too couldn't be paid????? When you say $5000 is owed -- do you mean $5000 is the minimum payment of all 6 credit cards or do you mean it is the total outstanding balance? I too cannot pay full balance almost all the time, but i definitely make sure that at least minimum payment is done or exceeded. I still have credit score of 711, even though i rarely make full payments. If $5000 is now your minimum payment due, you're in huge trouble! I'm really sorry. Sell your car and use bus to commute. You might as well sell this very computer that you are using to ask this question! File a bankruptcy protection to stop this harassment. Or contact an attorney. They will do anything they can -- even if it means harassing your parents.

cricket

The two occassions your parents would be "harrassed" would be: 1) If you still live with your parents and use their main house number as your own. They will only be bothered to the point that they are answering your phone calls and having to deal with the agencies briefly. 2) If you dodge any and all contact and payments with the agencies, you will be considered a "skip". The agencies will cal them and bother them only to the extent to locate you and make sure you are still reachable. It's also to verify you're still among the living and payments didn't stop because you passed away and your parents didn't notify them as one of your creditors.

dougzinboston

Why not enlist your parents' help in paying off the debts. With the assistance of a settlement company you could likely get out for around $2500 or less. I used a company , www.totaldebtsolutionsllc.com that I found online and they saved me thousands. They have a free no obligation evaluation form online you should check out.

Nicki W

Stop avoiding the calls....if you are serious about making payment arrangements do so now. If you let the agencies know your situation more than likely they will work with you..they want their money. Unless your parents release their authorization or social security numbers I see no reason for them to run their credit. Your parents have rights,..you should check out websites regarding collection laws in your state. It was unfair for you to put them in this predicament but, it is equally unfair for your parents to be harassed.

mccray_51

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