If you have a debt discharged, does that mean you can get the credit agencies to remove it?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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alexcr
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Joined: Wed Jun 21, 2017 5:50 pm

If you have a debt discharged, does that mean you can get the credit agencies to remove it?

Post by alexcr » Sun Apr 14, 2019 2:15 pm

If you have a debt discharged and have a 1099-C as evidence of this, does that mean you can get the credit agencies to remove this debt from your credit history/reports, thus improving your credit score?

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8foot7
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Joined: Mon Jan 05, 2015 7:29 pm

Re: If you have a debt discharged, does that mean you can get the credit agencies to remove it?

Post by 8foot7 » Sun Apr 14, 2019 2:17 pm

No, generally not.

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Meaty
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Joined: Mon Jul 22, 2013 7:35 pm
Location: Texas

Re: If you have a debt discharged, does that mean you can get the credit agencies to remove it?

Post by Meaty » Sun Apr 14, 2019 2:47 pm

No. Sorry
"Discipline equals Freedom" - Jocko Willink

billfromct
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Re: If you have a debt discharged, does that mean you can get the credit agencies to remove it?

Post by billfromct » Sun Apr 14, 2019 3:15 pm

I believe that discharged debt is taxable income. You may want to check "the Google".

I think that discharged housing debt during the Great Recession was not counted as income but I think that was a temporary act of Congress & don't know if that law was extended.

bill

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