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The 7 year designation relates to the time a negative entry can remain on a credit report not to collection procedures. A collection agency does not have the legal power to sue someone unless the agency is a collections law firm. A creditor must file a lawsuit in the state court where the debtor resides, win a judgment against the debtor and then use the judgment to collect the debt. Only an attorney licensed in the state where the debtor lives can file a lawsuit; the one exception being UCC arbitration which can be appealed. It is possible that the state SOL for debt in which the person lives has expired and the collector can no longer pursue litigation. NEVER accept what a collection agent claims as the truth. Collectors work on commission and some will say anything, and often violate FDCPA and other consumer laws. NEVER give a collection agency financial information or agree to any terms other than those submitted in writing. ALWAYS become informed of your legal rights in relation to the laws of the state of residency. The law allows a debtor to send a letter of "cease and desist" to stop a collector from contacting them or their family members.

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โˆ™ 2006-03-22 04:40:08
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Q: Can a collection agency obtain a judgment for a charged off credit card once the 7 years have passed?
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Related questions

Can a collection agency put a judgment on your credit?

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

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


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.

Can a debt collection agency legally identify themselves a 'collection agency' when placing inquiries on your credit report when the debt in question was charged off over a decade ago?


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.

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

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 sue you for a charged off credit card?

Yes, the term "charge off" does not indicate that the debt is uncollectible.

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.

Can a Credit Card Collection Agency put a lien or judgment on your credit and if so what does that mean?

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.

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.

Are you still liable for a balance that appears on a credit card that was charged off even if you paid the collection agency?

No. You can take the paperwork with the collection and send a certified copy to all 3 credit bur., and it will or should be taken off.

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.

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.

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.

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

What happens if you do not pay a collection agency?

if a collection agency isn't paid, the debt can be put on a persons credit report. The collection agency can also choose to garnish a persons paycheck.

Can a collection agency collect interest on your debt?

Yes, Collection agency can do that. But contact a good collection agency like Guardian Credit Services, they know will how to deal with customers to get money

In bankruptcy is a judgment that was entered by a lawyer for a collection agency which resulted in a drivers license suspension a secured claim by the collection agency?

It depends on the judgment. If it is a Motor Vehicle Judgment it is not a secured claim which makes sense since they went after your license and not your assets. Sometimes these Motor Vehicle Judgments show up on your credit report and the only way to get it off is to settle the judgment or file bankruptcy. If it is not a Motor Vehicle Judgment it is most likely a secured claim.

Can a collection agency charge you with credit card fraud?


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.

What will happen if you do not show up for court when being sued by collection agency or credit card company in the state of Texas?

The creditor plaintiff will most likely be awarded a default judgment. The judgment creditor can then enforce the judgment under the conditions of the laws of the state.