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If the collection agency works in tandem with a law firm (which is the case most of the time) then the answer is yes. What does this mean? If a judgment is granted by a judge, then it is the age old saying, pay me now or pay me later. Anytime your credit is ran (over the next 20 years) then it will show and credit will not be granted until the judgment is satisfied. Keep in mind if a judgment is granted interest probably continues to accrue until satisfied. If at all possible, it is best to inter into a stipulation agreement with the firm and work it out.

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โˆ™ 2011-09-12 14:41:22
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Q: Can a Credit Card Collection Agency put a lien or judgment on your credit and if so what does that mean?
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Related questions

Can a collection agency for a parking ticket be put on your credit report?

It wount be a collection aggency. But the city can put a judgment on your credit report that will effect your credit score.


Can a collection agency put a judgment on your credit?

== == Yes they can. Happens all the time.


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.


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.


Is it better to pay a collection agency or let them write the debt off?

if you pay the collection agency you can get back in good credit standings , ifyou dont they can get a judgment against you, and garnish your wadges , if they do a charge off it stays on your credit for up to 10 years know and it is harder to get credit with a charge off


How many times can a collection agency inquire on your credit report?

Unless you have given a collection agency written permission to pull a full credit report they are in violation of credit laws.


Can a collection agency file a judgment on you for credit card debt in Texas?

No. A collection agency has no legal authority. They can refer the account to a collections attorney who can then file a lawsuit for the debt owed. Yes! A collection agency has the right to file a lawsuit as the assigned creditor under the agreement that you signed when applying for the credit card.


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.


What does a collection agency do to your credit?

They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.


What happens if you don't make your credit card payment?

READ YOUR CREDIT CARD AGREEMENT If you fail to pay your credit card, you defaulted on the loan, it will go to a debt collection agency, and you can be taken to court by the credit card company, resulting in a judgment against you.


Can an unpaid ambulance bill hurt your credit?

Yep! If the ambulance company turns your account over to a collection agency that agency might report the collection on your credit. Medical collections are the most common type of collection on a credit report.


Collection agency laws?

if a collection agency has not bought out my debt from the original company can the collection agency look up my credit report?


Can a collection agency charge you with credit card fraud?

No.


What does it mean when your credit report states that you have a paid closed collection account on you credit report?

The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.


Can I use my credit card after I pay off the collections agency?

No. Once it is sent to a collection agency the company has closed the credit card.


Can a credit card debt that was charged off and sold to a collection agency be reported on your credit report?

Yes.


Who is ICC collections?

Interstate Credit Control - they are a collection agency


How do you get rid of the money that you owe from collection agency without paying them and become good credit again?

how to get rid of the money that you owe from collection agency without paying them and become good credit again


What should you do if you had a cc judgment against you for 6000 and you paid 3000 and three years later a new credit agency has you in court wanting 8000 and says you only paid 200?

No credit agency will sue you. I believe you mean collection agency. Send the collection people a Cease and Desist letter (google "fair credit act cease desist). Then get a free credit report (your right!!)(the score doesn't matter so don't pay to get it). Then dispute the debt w/ the credit bureaus (the dispute letter will be found w/ the Cease and desist letter).


Is it legal for a collection agency to use the term 'judgment' on your credit report without a court order or hearing?

No. Judgments can only be granted by the court, after a lawsuit has been filed and won.


Can a private debt collection agency garnish your wages for a non-federal debt like credit card debt?

There must have been a judgment obtained and then they can act on the judgment and attach wages.


Can a collection agency sue for unpaid credit card debt?

yes


Can a credit card company or collection agency put a lien on your home before first taking you to court or can they get a judgment against you with out you knowing about it first?

No. Court is a must


Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?

No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST


Can a collection agency pull your credit?

No! ###### Yes if they have permissable perpose to do so (ie: Collection On Your Account)