RobertM22 (Florida)
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 • 2184 views
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PeterD3 (Florida)
Posts: 708
Posts: 708
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 (Michigan)
Posts: 5,202
Posts: 5,202
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: 3,699
Posts: 3,699
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 (Florida)
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 (Florida)
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 (Florida)
Posts: 708
Posts: 708
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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