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Is it mandatory for every single bank or lending agency to request proof of employment or income?
Wiki User
∙ 8y ago
No, it is not mandatory, but it is a good idea. You can get around having assets verified, but it usually comes with a cost, ( such as a higher interest rate for repayment). The more documentation you have to show that you are capable of paying off the loan, the more the company trusts you with the loan, and in terms of mortgages, they trust that they are able to possibly sell your loan to another loan company. If they do not have any trust in you ability to pay, they charge a higher interest rate in order to get the most money out of you while they can.
Wiki User
∙ 8y ago
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If your account is sold to a collection agency how to do you find out when it was sold and how old the account is?
When the collection agency contacts you, they have to give you the opportunity to request information concerning the debt. You will have thirty days to send a written request to dispute the debt. And to ask for confirmation of the original creditor, the amount owed, when the account was remanded to the agency, etc.
Can a debt collection agency call your work?
No. Once the party involved has informed the collector that they do not want them calling their place of employment the calls must end. Some collectors however simply will not listen and continue to break FDCPA laws. If this is the case the collection agency should be reported to the office of the state's Attorney General. This can be done by phone, but it is best to follow up in a letter. Keep a log of any calls received after the request has been made.
Who is authorized to contact the purchase card issuing bank to request that a purchase card account be established?
Agency/Organization Program Coordinator (A/OPC)
What type of services does Spherion provide?
Spherion is an employment agency offering such services as job placement for individuals searching for employment. Companies seeking employers post job listings where persons can then apply for these positions. Jobs can be found in many industries and are there are many postings available throughout the USA.
Do the collection agency require a household income verification?
No, in fact you don't even have to deal with them if you don't want to, they are just tactics they use to get your employment info so when and if they try and sue you and if successful they will file a writ with the courts immediately to garnish your wages. Never give them your bank account info, your credit card number or employment info.
What is the Equal Employment opportunity commission EEOC?
a federal agency that investigates complaints of employment discrimination
Who can report to a credit reporting agency?
Any lendor or lending institution.
Where can one learn about consumer lending?
One learns about consumer lending from the governmental agency dealing with it. It is normally an independent and regulated institute. Consumer lending refers to any type of lending between private individuals.
What do you need to know before you try to finance a car?
There are several things to consider when financing a car. It is important to shop around for the best interest rate, whether it be from a bank or other lending agency or from the auto dealership itself. Some dealerships offer incentives if you finance the car through their lending agency. It is a good idea to know your credit score before applying for a car loan, as the lending agency will perform a credit check prior to offering you a line of credit. You will also be required to provide proof of employment, salary and possibly information regarding your bank accounts and other lenders.
When co-signing for a personal loan does every bank or lending agency need to see proof of income or employment from the co-signer?
It is the lenders right to verify info given to obtain credit. It would NOT be good business practice to do otherwise.
For what purpose is an employment agency used?
An employment agency can help its clients to write a resume and prepare for interviews. Many employment agencies work with employers as well to help find a match between those seeking jobs and those seeking employees.
Why would a temporary employment agency benefit me?
Temp agencies help employees get matched to available jobs for employers. A temp agency can help you gain experience in a new field or help to earn extra cash if in between permanent employment.
What are the advantages of going to an employment agency?
An advantage of going to an employment agency is that you can really see all of the job openings available in your area. Also, they will help you to know how to get a job.
What does the Show Up Agency do?
Show Up Agency is an employment agency. Employment agencies act on your behalf to find jobs or other work for you. They take a small cut of the payment, but you don't need to find the work yourself.
Multi jobs Employment agency laanvan 2854 2523dc Den Hang the netherland?
Multi jobs Employment agency laanvan 2854 2523dc Den Hang the netherland
What is the meaning of staffing in business?
* Employment agency * Human resource
If you receive public assistance from the state is it mandatory to go through child support agency in the state of Ohio?
yes it is mandatory only if you have the father on the birth certificate
