0
Can a company report to numerous collection agencies to collect a debt?
Wiki User
∙ 16y ago
Contact the Federal Trade Commission they can help you with this problem.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How do debt collection agencies obtain work?
There are several ways that debt collection agencies obtain work. One way is when a subsidiary of the company that is owed the debt tries to collect the debt themselves. There are also third party agencies who are hired by a company to collect what is owed and the agencies are paid a fee for this service.
Do collection agencies have the right to collect payments since you never signed or agreed to a contract with that company?
Yes, they are contracted to collect on behalf of the original creditor and it's contracts with you.
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
How do collection agencies work re rates they charge the collectee and the collector?
Generally a collection agency will charge the company they are collecting for a percent off what they collect. They do not charge the person they are collecting from.
What are some agencies?
Alternative Legal Services and Judgement Recovery, American Bonded collection, Armada Collection, and Audit Adjustement Company Inc. are some collection agencies.
What are some collections agencies?
Alternative Legal Services and Judgement Recovery, American Bonded collection, Armada Collection, and Audit Adjustement Company Inc. are some collection agencies.
If someone were receiving phone calls from a company called Commercial Collection Agency what might they calling for?
Collection agencies are companies that work on behalf of creditors to collect debts or obligations from their holders. Receiving a call from one could indicate unrepaid credit.
What purpose does the International Debt Collection serve?
The International Debt Collection Agency is a debt collection agency designed to collect debts from debtors that have not paid for goods supplied or services rendered. Debt collection agencies are designed for debt recovery, and speak on behalf of the company to which the debt is owed to work out a settlement between the debtor and the creditor.
Can collection agencies request additional money on interest charges after the debt is paid in full?
No, a debt collection company purchases a debt from a creditor. They can try to collect on that debt but may not charge interest on it as they have no contract with you outlining interest charges. If a company is attempting to do that, cite the Fair Debt Collection Practices Act, a federal law, and complain to the Federal trade Commission, which oversees debt collection practices.
With whom can collection agencies discuss your payments?
Legally, only you and the company employing them, oh and the government.
Collection agency laws?
Collection agency laws vary by country and even within different regions or jurisdictions. Generally, these laws outline the rules and regulations that collection agencies must follow when attempting to collect debts from individuals or businesses. These laws often dictate practices such as permissible communication methods, disclosure requirements, prohibited tactics, and the rights of debtors. It is important for both debtors and collection agencies to be familiar with and adhere to the specific laws applicable to their jurisdiction.
What are the duties of collection lawyers?
The duties of a collection lawyer is to collect debts, fees and payments from clients of their company. Collection lawyers represent banks, the government and other creditors.
