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After a car is voluntarily reposessed can a collection agency threaten legal action if they have accepted payment arrangements from one signer?
Wiki User
∙ 8y ago
roosta Once the loan is in default, the lender can seek payment from ANY signors to the loan. After the car is sold, there is NO collateral for the loan except the ones who promised to pay . It is now time for them to pay.
Wiki User
∙ 8y ago
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What if collection agency won't accept payment that amount to 25 percent per month of the full debt?
By federal law and most collection agencies' policies, partial payments are not manditorily accpeted. Collection agencies are not required by law to accept anything less than payment in full. If the agency has refused 25% monthly of the full amount to be paid in full in four months, I reommend sending the payment with an explanation of this to the original creditor. Chances are your payment and arrangements will be accepted.
What do you do if an account was turned over to a collection agency but the original creditor accepted your payment in full?
Contact the original creditor. Provide proof of your payment. They need to retract the account from the collection agency. The account could have been sold to the collection agency or simply assigned to them. For your purposes, it does not matter which situation applies. You paid the original creditor and your credit report needs to reflect this. After they do what they need to do to get the account back; you then dispute the entries with all three credit bureaus. The original account should show as a paid collection and the other collection account should be removed from your credit report entirely.
Is the US dollar accepted in England?
The US dollar is accepted everywhere. Including England.
Why is Mastercard not being accepted?
Where!?!?
Where can payday loans be accepted?
Payday loans are accepted at a number of popular businesses and retail stores across America.
What is the most widely used and accepted form of payment for making business travel arrangements?
Major credit cards are the most widely used and accepted form of payment for making business travel arrangements.
What is the accepted collection of inspired books in the new Testament?
It is the letters by Paul.
What is a collection of all the techniques you use to do an experiment?
The accepted method is Research Methodology.
Is it legal for the lender to repossess a vehicle after you made arrangements and they accepted a payment?
it is legal, until it is paid for 100% and you have a title it belongs to them.
You were turned over to a collection agency by a hospital after they accepted three payments you are on disability?
Most hospitals farm out collection accounts after 90 days of nonpayment to outside collection agencies.
What if collection agency won't accept payment that amount to 25 percent per month of the full debt?
By federal law and most collection agencies' policies, partial payments are not manditorily accpeted. Collection agencies are not required by law to accept anything less than payment in full. If the agency has refused 25% monthly of the full amount to be paid in full in four months, I reommend sending the payment with an explanation of this to the original creditor. Chances are your payment and arrangements will be accepted.
What do you call the collection of accepted knowledge theories and investigative techniques of a scientific discipline?
Science.
Do yetis live together?
There is no accepted scientific evidence that Yetis actually exist. For this reason we can only fantasize regarding their living arrangements.
Do you have to pay a bill from the collection agency for their collection fee when you paid your original bill in full directly to the company?
No, if the OC accepted your payment then it's case closed
Can a collection agency take you to court if you have not returned their calls or made payment arrangements but you send small monthly payments which they deposit?
Yes. It is a common misconception that a creditor or collector cannot pursue legal action if any payment from the debtor is accepted. Once a contract is in default the lender or collector can take whatever steps allowed under the laws of the debtor's state to recover monies owed.
Who is collection began the Library of Congress?
The conjucutive collection
In Arkansas can a collection agency sue you if the original creditor accepts payment on the debt?
If the debt was sold to a collection agency and the original creditor accepted payment AFTER the debt was sold, the money does not belong to them. If, however, you paid the debt and it was mistakingly sol after that payment, the collection agency can't try to collect. If you have proof of payment, forward it to the collection agency and deman in writing that they cease trying to collect this debt.
