0
Can a collection agency attempt to collect a debt that was settled by another collection agency as 'not valid' a year prior?
Wiki User
∙ 8y ago
They can attempt to collect. If the debt can be proved to be invalid the information should be forwarded to the agency via certified mail. Whether or not the debt is invalid under the terms of the orignal agreement depends on the how it would be viewed in court (if it comes to that).
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Which of these temporarily settled the slavery issue?
Missouri Compromise
For a time the Missouri Compromise settled the slavery question?
true
What African country was settled by freed American slaves?
Liberia and Sierra Leone
What ligislation temporarily settled the dispute over the westward expansion of slavery?
Missouri Compromise
What name was given to former slaves who moved from the south and settled on the great plains?
Exodusters
Is an estate administrator paid after the estate is settled or can they collect before it is settled?
They can collect before it is settled
Can the same collection agengy try to collect on settled debt that is old?
Answer Collection agencies are man's worst enemy. They just never give up so the only way to get them off your back it to get in touch with them and fax them the reciept that you paid the old bill they are trying to collect on, because if you don't they won't leave you alone.
Invalid check is it still money owed to you?
If the check is invalid, then the debt has not been settled. The money is still owed to you and you can collect it in another form.
If you settle a chargeoff or collection does this increase your credit score?
Yes! I settled 2 collection accounts and my score stayed exactly the same.
If you've settled a debt with a credit collection agency can the original creditor buy back the account and try and charge you again?
No ... you have the proof that the debt was settled.
Who sent you to the collection agency?
I presume your question is "how did your debt wind-up at a collection agency". There are 2 methods: (1) the original creditor sold your account to an agency for a price that is a fraction of the outstanding balance on the account (so the collection agency now is your creditor legally), (2) the original creditor contracted with a collection agency to get you to make more payment on the debt than you have while interacting with the original creditor only. In either case, a collection agency is a company that makes a profit by getting debtors to make a payment of sufficiently greater amount (than they had been making to the original creditor) such that a greater return can be realized from this continued effort to collect the debt, and collection agencies usually are profitable companies. In my personal opinion, the first method (# 1 above) is used in the vast majority of delinquent debt collection situations. Any creditor organization of at least medium business size has enough staff to attempt to coax the debtor to make more payment, so there would be no reason to contract a collection agency to try again. That latter point being understood, collection agencies sometimes resell a debt account to another collection agency when they give-up on trying to get more payment from the debtor (and the account has not been settled).
If you paid a collection agency in 2004 for a hospital bill you never received in 2000 in Florida and the hospital has resold the same debt to another collection agency in 2007 what can you do?
You get a letter from the paid collection agency and send it as proof of payment to the new agency. In the mean time, you call the new agency and dispute the claim of debt. If they receive the letter and still harrass you, then you have the right to sue and turn their neames over to the BBB. This is only if you paid in full. If you settled, then the next agency can try to get the unpaid amount. Remember, there is a 4 year period on medical bills. After that, they can't collect, unless the hospital revitalized your account.
How will settling credit card debt affect your credit score?
It will raise your score slightly. If you don't settle a delinquent account, the verbage on your credit report may read: "collection account", or "unpaid collection account". However, if you settle, the report may read "settled". By settling with the debt collector, you have made an attempt to fulfill your financial obligation. Therefore, your score will raise slightly.
What is another word for landed?
Arrived, docked, settled...
What is another word for settled area?
Settlement, built upon land
People who leave their country and settled in another country called?
immigrants
Does a debt collector have to send you a monthly bill?
A debt collector works for a collection agency. If the angency owns the debt then you can request statements. A collection agency will send you a paid or settled un full letter. They are not a billing agency.
