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CREDIT REPORTING
LBCC
at a clients discretion
will report accounts placed for collections to all three National
Credit-Reporting Agencies as unpaid collection accounts 30 days after
placement.
This period gives
clients time to review the acknowledgment of placed accounts for accuracy,
and the debtor time to resolve the matter and/or respond with a valid
disputed.
If a customer disputes the validity of a client’s claim in writing, all
collection procedures stop and a copy of the letter of dispute is sent to our
client for rebuttal.
Reporting to the Credit Bureau insures that any debtor applying for Credit
Cards, Car Loans, Home Mortgages and other types of Credit within the next 7
Years will be obligated to clear their account up, or be denied credit in
most cases until the account is resolved.
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