RobertM22
Posts: 3
Posts: 3
Posted:
Do any HOAs in Florida report the payment histories of HOA fees of its homeowners to the 3 credit bureaus?
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HOA assessment reporting to Credit Bureaus in FL
Started by RobertM22 • 6 replies • 2186 views
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PeterD3
Posts: 703
Posts: 703
Posted:
I know you asked "Do".... and we do not per se but other actions by us have similar effects.
This reporting almost always occurs if you sell the debt to a collections agency (we have once).
The HOA can put a lien on a property (in some states) which also becomes public record.
The major credit bureaus constantly hunt for such public information so it should not be long before they find out about one.
This reporting almost always occurs if you sell the debt to a collections agency (we have once).
The HOA can put a lien on a property (in some states) which also becomes public record.
The major credit bureaus constantly hunt for such public information so it should not be long before they find out about one.
SusanW1
Posts: 5,197
Posts: 5,197
Posted:
They don't track utility bills, so no way would they be interested in HOA payment records.
Only if it got to bankruptcy status.
Only if it got to bankruptcy status.
SteveM9 (Massachusetts)
Posts: 3,688
Posts: 3,688
Posted:
We have notified our members, in addition to late fees, if they do not pay, the big 3 credit bureaus will be notified.
We are going to use this service, but have not had a need to use it yet.
http://www.olddebts.com/pricing.php
If we do have to use this service, which is cheap, we will add the cost to their bill.
We are going to use this service, but have not had a need to use it yet.
http://www.olddebts.com/pricing.php
If we do have to use this service, which is cheap, we will add the cost to their bill.
RobertM22
Posts: 3
Posts: 3
Posted:
Does it make a difference for reporting to credit bureaus, that the property is considered a cono under FL law?
RobertM22
Posts: 3
Posts: 3
Posted:
Does it make a difference for reporting to credit bureaus, that the property is considered a CONDO under FL law?
PeterD3
Posts: 703
Posts: 703
Posted:
It matters not.
There is no direct method for any assn. to report.
If you file the lien it will show up under "Public Records".
There is no direct method for any assn. to report.
If you file the lien it will show up under "Public Records".
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