You need to have a look at the relevant legislation in your state to ascertain where you stand. I would suggest that you contact a financial counsellor who would be familiar with laws in your state to discuss your options. In Victoria, Australia, debts are statute barred after 7 years - UNLESS one makes a payment on demand thereafter, in which case one is again legally liable for the debt that was incurred.
== == Yes they can. Happens all the time.
It wount be a collection aggency. But the city can put a judgment on your credit report that will effect your credit score.
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
No. Court is a must
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.
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.
They will need to sue you and get a judgment against you first. After that, yes they can do those things, including garnish your paycheck.
File a dispute with the credit reporting agency.
if a collection agency has not bought out my debt from the original company can the collection agency look up my credit report?
If you are not a company that reports unpaid debts to the credit bureau's, you can turn the debt over to a collection agency who does report. The other way is to obtain a judgment against them and it will automatically be reported by the courts.
Yes, definitely. Although, it will only show up on your credit report after the hospital has proceeded to turn the debt over to a collection company and the collection company obtains a default judgment against you. At that point, it will show up on your credit as a derogatory public record/lien/judgment.
No the collection will not be removed from the credit report. They will show it paid in full.
Yes the second collection will be placed on the credit report. But they will remove the first collection agency off the report. In some states it is against the law to be double billed by two collection agency for the same debt.
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).
There must have been a judgment obtained and then they can act on the judgment and attach wages.
Unless you have given a collection agency written permission to pull a full credit report they are in violation of credit laws.
It is a situation a matter of what you are behind on. You can lose a car and have judge,ent against you for owing a few dollars.
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.
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.
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.
They may have a host of legal remedies available to them. First the account may be transferred to a collection agency which will report your collection and damage your credit. That agency or the original creditor may decide that the debt is worth persuing legally. They may take you to court to obtain a judgment against you. From that point you may end up with wage garnishments or other consequences.
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.
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.
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