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1099c

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Mish0817
Regular Contributor
‎01-24-2013 04:26 PM
‎01-24-2013 04:26 PM

1099c

Got a 1099c today for a debt that is over 5 years old and is not on my cr since this debt is forgiven will it appear on my cr ? I have never received any notice on this debt in the past so this is a little irritating it is for 605 so barely meets the 600 requirement!! Ugh...  Just don't want it on my cr 



Eq 675
TU 681
Ex your guess is as goodas mine!

Nfcu Cash Rewards 15000, Nfcu nRewards Mc 15000, Walmart 600, Target 400, VS 650,Capital one 3750, Us Bank 300, Discover 4500,Citi DP 1500, Chase Freedom 2000. And I'm done...... no more cards just going to tend my garden
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guiness56
Epic Contributor
‎01-24-2013 04:53 PM
‎01-24-2013 04:53 PM

Re: 1099c

The 1099-C won't show up on your CR, if that is what you are asking.

 

Once the debt is forgiven, it should not be reported.  That would mean collection activity and once you get a 1099 they can't collect.

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