Can a debt collector list you on the credit bureaus? Is it legal? What is the procedure?
They can indeed. Most of the debt collectors also have integration or date upload agreements with the credit bureaus. The credit bureaus always aim to have accurate as possible information.
If your account gets handed over to a debt collector, progress in that account still needs to be shown on your credit profile. Your credit profile will also indicate that the account has been handed over for collection. It should reflect an “L” status which usually means legal action has commenced or it has been handed over.
Your best option at his point would be to ensure that all payment arrangements are adhered to. Do not fall behind on payments. Settle the account as quickly as possible, and then allow some time for your credit profile to recover.