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Can a debt collector in the state of Michigan collect on a debt if they have already charged it off?
Wiki User
∙ 18y ago
Yes, the term is used to indicate a debt being written off as uncollectible by the original creditor. The debt however remains valid and subject to collection by a collection agency working for the original creditor or a third party that buys the account.
Wiki User
∙ 18y ago
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Can a company who bought a charged off account try to collect interest on the account?
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
Can a payday loan collector debt from a different bank account with out authorization?
The loan collector can collect from any account that you have provided access to.
If a debt collector puts a lien on your house does that mean your mortgage co forecloses your house?
It does not follow. The lien of the debt collector comes after the mortgage loan. Which means that the debt collector still may not be able to collect any money.
If one collection agency buys your debt and charges interest and then sells it to another debt collector can that new debt collector collect on the old interest?
Yes. The new debt collector bought the entire debt, including interest that was added on. You will be responsible for the entire debt.
What Is AFNI On your Credit score?
AFNI stands for Anderson Financial Network Inc. This is a collection agency which is a third party debt collector which buys debt from creditors and tries to collect on it.
Can an Ohio debt collector garnish your spouses income in Michigan if the debt was originated in Michigan-Are they bound to Ohio law or Michigan law?
In this situation, the Ohio debt collector would need to follow Michigan law regarding garnishment of a spouse's income, as Michigan law would apply to the state where the income is earned. The debt collector would not be bound to Ohio law in this case. It is important to consult with a legal professional familiar with both Ohio and Michigan laws to understand the specific implications and requirements.
Can a company who bought a charged off account try to collect interest on the account?
Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.
What is the base word of collector?
The base word of "collector" is "collect."
What is the Prefix for collector?
The prefix for collector is "collect-".
What does a vexillologist collect?
Vexillologist - a collector of flags
What is a stamp collector?
{| |- | A stamp collector is often referred to as a philatelist. They like to collect postage stamps. What they collect varies from collector to collector. Some want every stamp a country has issued. Others want every stamp that shows a picture of a specific topic. |}
What do you call a person who like to collect anything?
collector
What s a collector bill and what can i d with one?
Collect it.
What do you call people that collect tax?
Tax collector
Can a debt collector call police to collect a debt?
No.
What did the tax collector of ancient Egypt do?
Collect taxes.
What does a arctophilist collect?
Arctophilist - a collector of teddy bears
