no they cannot
If the debt was properly assigned by the original creditor, yes. If you are making payments to the Original creditor than ask them to pull it back from there Collection agency, then dispute with the CRA's and when they update it should delete
Unless you have a specific repayment plan that the collection agency agreed to, there is no legal reason that cannot sue the cosigner.
Because they don't. It is a lot of agency's policies.
Only if you stopped making payments and are behind on your on your payments.
if collection agency is not from your lender, but third party, then you need to fax them proof of your payments to your lender or financial insitution and have them send you a letter stating that they will not report you to credit bureau. and also have them contact the collection agency you are making payments. asian623 http://www.myspace.com/scionturboracing
i think so:D
Personally speaking, it is better to settle with a collection agency rather than making monthly payments. Theres only one ceveat....you must pay the collection agency in full. Example, lets say you owe $1000 to a credit card company. A collection agency will say, pay $600 NOW and this will settle the balance. So, if you dont have $600, its a 'catch-22'. You are better off making the monthly payments until the $1000 is paid.
Same thing happened to me..... what does this mean? I have not heard anything back from original creditor and was making timely montly payments to collection agency... I am confused and a little scared
No, they'd repossess your car.
Yes, if the payments being rendered are not in accordance with the financial agreement. It is, however, unlikely that they would take such action as it would not be in anyone's best interest.
No. Only the lender can "repossess" a vehicle. You need to keep making the payments to protect your own credit. It is likely you would need to bring a court action, prove you are making the payments and petition the court to order a transfer of title.
after 180 days of non payment your account will be charged off and turned over to collection agency
when you arent making payments for several months when you dont pay your taxes
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
Get back a personal loan. Is it in default? Contact loan company or debt collection agency and start making payments.
as long as you keep making payments the lender will probably not repossess the property. however, if you miss one payment the lender can repossess the property at any time.
No. You are the primary borrower and are honoring your financial obligation.
Yes, if you are not making the payments the bank can repo your truck.
Yes, they can. However, most don't provided you make a payment agreement with them and honor it until the bill is paid in full.
If you have a written agreement from the collection agency specifying the terms of your repayment plan and you have fulfilled (and are fulfilling) those terms as specified in the agreement, they probably cannot. If the collection agency is empowered by the original creditor to file suit and you do NOT have a written agreement from the collection agency as specified in paragraph one (1) above, they probably can. The laws of your state will prevail.
They should since they are just as responsible for making payments as the primary.
That would be a violation of the FDCPA. But if there is no evidence that it is a collection agency making the calls, there is no way to file a complaint.