No particular language is necessary for this type of report so long as the report clearly conveys the necessary information.
Michigan Report to Creditor by Collection Agency Regarding Judgment Against Debtor
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How to fill out Report To Creditor By Collection Agency Regarding Judgment Against Debtor?
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FAQ
In Michigan, the statute of limitations for contract disputes is usually six years. This means the creditor must sue within six years of the last activity on the account. It is probably too late for the creditor to sue if in the last six years you haven't done any of the following: Used the account.
The creditor must file a lawsuit against you in court and get a judgment before it can try to get its money back from you. Read the article Defenses in a Debt Collection Case to learn about defending yourself in a collection case.
A judgment is a court order stating that you owe the debt collector money because of a lawsuit. You may have received a judgment because the court decided in favor of the debt collector in a trial, or because you did not respond to a lawsuit that was filed against you.
Ing to Michigan law, your creditor has up to 6 years (from the date of your last payment) to collect on a debt, including obtaining a judgment on the debt. By getting a judgment, your creditor can pursue collections (likely a garnishment) almost indefinitely as long as they renew the judgment every 10 years.
Debt collectors cannot harass or abuse you. They cannot swear, threaten to illegally harm you or your property, threaten you with illegal actions, or falsely threaten you with actions they do not intend to take. They also cannot make repeated calls over a short period to annoy or harass you.
The Michigan Fair Debt Collection Practices Act prohibits collection agencies from harassing borrowers or using unfair or misleading tactics to collect debts. This law also allows private remedies for consumers in order to create a victim recovery of actual damages or equitable relief.
To be uncollectible, your only valuable assets may be: A vehicle or household items worth less than $1,000 each. Certain personal articles. A bank account with funds only from the sources listed above.