Who can use the credit bureau to police contracts?
February 16, 2007 7:42 PM Subscribe
When and who can contact credit agencies regarding reneged payments to reflect on a payees credit report? Is this limited to businesses and banks or less official transactions as well?
posted by anonymous to law & government (4 answers total)
I know for a fact that if I didn't pay my rent, my land lord who lives down the street could easily have this reflect on my credit report. What happens when two parties have signed an agreement and one reneges, do I have the ability to report this? I find it interesting that two people who are non landlords (or something similar) have to go through small claims court instead of using the good ol' credit bureau to defend the institution of signed pieces of paper. Basically, can the average Joe use the credit bureau to uphold agreements between two average Joes when a contract has been signed?