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You sold your car and turned in the title and the new owner before transferring the title drove thru a restaurant they left the scene and now you have a collection on your credit report for the cost?
Wiki User
∙ 16y ago
Did you draw up a bill of sale with the date on it that you both signed? Do you have proof of payment from the person? If not, good luck since you have no proof of sale!
Wiki User
∙ 16y ago
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What does a high average collection period indicate?
A high average collection period indicates that a firm is having trouble collecting its outstanding credit, thereby transferring it to their accounts receivables. It could be because of policy - maybe no fees, or the management in charge of collection is not doing their job.
Can a collection agency make inquiries on your credit report before placing it's debt?
== == Collection agencies do not have the legal right to pull your credit report unless you gave them permission.
Can a collection agency report to credit agencies before the charge is verified?
Yes, a collection agency can report a debt to credit agencies before the charge is verified. However, it is generally recommended for collection agencies to first verify the debt before reporting it to credit agencies in order to ensure accuracy and compliance with regulations such as the Fair Credit Reporting Act.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
How long is it before debt collection will be sent if someone does not pay off their credit card?
The length of time a debt collection is sent really depends on the credit card company. If they have attempted to make contact on various occasions with no resolve then the companies will often send out a debt collection notification, and also the companies will notify the credit bureaus.
How do I transfer the balance on my credit cards?
You will have to talk to you credit card company. They will be able to assist you in transferring your balance on your credit cards.
How can you mend your credit after a paid collection?
Only the credit bureaus the collection agency can remove a collection from your credit report. The collection agency won't do it now since it is paid and they have no reason to. You can dispute it to the credit bureaus and ask for verification on the account. They will have 30 days to verify the items or it must be removed from your credit report.
How do you find out from a collection agency who sent you to them for collection when you never was notified that you were in collection you discovered it on your credit report?
File a dispute with the credit reporting agency.
How do collection accounts affect your credit score?
== == Collection account are 20% of the total credit score module.
How can you remove a paid collection?
There are 2 ways to remove a collection off your credit report. Either by the original creditor or by the credit bureau. The creditor will most likely not help you unless it was negotiated before you paid them off. You can dispute the debt to the credit bureaus and they must investigate it. If it isn't verified with in 30 days it will be removed from your credit report.
Where can I find more information on restaurant credit card processing?
You can do a search on the computer to see if there is information on restaurant credit card processing. You can also contact a local restaurant that can help you.
If a Credit card company wrote off the debt and took a tax credit 4 full unpaid debt what legal rights does the credit card have in transferring rights to a collection agency?
Credit card companies win whether you paid or not. They write-off the credit card debt at the end of the year on their taxes, they also hedge their burden for increase risk by having insurance so they recover some of your losses from your default and they can sell their uncollectable debt to a third party (collection agencies). What rights do you have? The Fair Debt Collections Act. Your debt is with the original creditor (Credit Card Company) and not the collection agency any money you pay should be to the original creditor.
