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Can a collection agency report the same collection account under 2 different account numbers on your credit report?
Wiki User
∙ 12y ago
Yes actually they sell the account to differant collectors and will continue to blemish your rating until it is paid in full/ settlement or you request the item to be removed for lack of authenticity
AnswerSorry, a single account cannot be sold to multiple collectors at the same time. Sometimes a collector will update an account making it seem that the account is active,and the reporting data is in error, such as transposed numbers, or even the number of someone else's account. Regardless the reason, it should be brought to the attention of the credit bureau(s) and if found invalid,should be expunged.Wiki User
∙ 12y ago
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Can a collection agency combine two different accounts that were with the same company and try to collect the total using one of the account numbers?
No. They would have to take separate action on each account owed.
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 the collection agency freeze your bank acct in Fla?
No. A collection agency can not freeze your bank account. Only a judge could do that.
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 a collection agency freeze your bank account in NC?
No, it is illegal for a collection agency to garnish or freeze your account for any reason. The only way your account can be garnishes is if you owe taxes or child support. If a collection agency threatens to do this, tell them that you are aware of the Credit Reporting Laws on this matter (there is legal ground for this matter).
Can a collection agency combine two different accounts that were with the same company and try to collect the total using one of the account numbers?
No. They would have to take separate action on each account owed.
Do you need to include account numbers for both the collection agency and the original creditor on your bankruptcy form?
Include the original account number if you are including the original creditor. Include the account number for the collection agency if you do not have the orignal creditor information and are including them as "Care Of" for service.
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 my account be sold to another collection agency?
Yes.
Can the collection agency freeze your bank acct in Fla?
No. A collection agency can not freeze your bank account. Only a judge could do that.
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 a collection agency freeze your bank account in NC?
No, it is illegal for a collection agency to garnish or freeze your account for any reason. The only way your account can be garnishes is if you owe taxes or child support. If a collection agency threatens to do this, tell them that you are aware of the Credit Reporting Laws on this matter (there is legal ground for this matter).
Can collection agency put a lien on your bank account in sc?
It is possible for the collection agency to put a lien on your bank account. Before they can do this, they must go through the proper procedures first.
What is a Derogatory public record or collection?
== == A Deragatory record is an account that has had a history of late payments. A collection account is an account that was not paid on time or at all, and was closed by the creditor and sold to a collection agency.
Can a collection agency pull your credit?
No! ###### Yes if they have permissable perpose to do so (ie: Collection On Your Account)
Can a collection agency increase interest on a charged off account?
Yes.
Can collection agency take money out of joint account in ct?
Yes they can.
