Can anyone give reliable information about settling debts once the account has been bought by debt collectors?
If the collection agency is working for the creditor then the account has not been sold. Even so original creditors are often willing to negotiate a settlement rather than force the debtor into bankruptcy or litigation. Accounts that are purchased by third parties are usually open to settlements but only if the collector does not feel there are any other options. When attempting to settle an account for less than the full amount the debtor should always offer a lower amount than they are able to afford rather than starting with the maximum amount they are willing to pay. Please keep in mind many original creditors and third party collectors will opt for a lawsuit if the debtor lives in a state that does not allow significant protection for personal and real property. For example, if the debtor is employed and the state allows the maximum federal wage garnishment of 25% the collector may not be open to a reasonable settlement.
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No, this is because wiki lets anyone who has an account with them improve what is on their website so you never know who put that up on the site and if it is true!!! It sometimes is, but I would reread the information first, to see if it makes sense or find another database, because they do let anyone with a account change the information around.
It depends. If: you have a monthly loan repayment agreement with the credit collectors wherein the bank automatically deducts your monthly payments from your savings account or you have defaulted on your loan payments for more than 2 or 3 months and haven't contacted the credit collectors reg. the same Then, the credit collectors can withdraw money from your account (if there is any cash available) towards your loan repayment. Otherwise no one cannot deduct…
Organizations and governments are normally more reliable than independent or personal websites. But even these can have biased or one-sided information. If the information is from a primary source (i.e., an eyewitness account from a book), you just have to be careful of bias; everyone has his or her own perspective. Wikipedia is okay, but check the sources that it uses at the bottom of the page.
It will raise your score slightly. If you don't settle a delinquent account, the verbage on your credit report may read: "collection account", or "unpaid collection account". However, if you settle, the report may read "settled". By settling with the debt collector, you have made an attempt to fulfill your financial obligation. Therefore, your score will raise slightly.
In order to accept credit card payments from your business, you would need to open a merchant account with a credit card acceptance company. The merchant account will provide you with a solution for taking credit card payments as well as settling those transactions so that the money that you are owed can be taken from the customer and deposited into your business account. For more information on taking cards as a form of payment…
There should be contact information on the billing statement. A phone call is the eaiest way to make initial contact. Some CCC's will work with a consumer to lower interest rates, or allow only interest to be paid for a specified time. If a consumer is trying to settle the account for less then the full amount that is best handled by an attorney. Any agreement should be in writing, with all pertinent information, signed…
In order to open a checking account one must have identification such as a driver's license. A person must also have a social security number. This information is used to open the account. The account information shown on the checks will include the name and address of the account holder, the account number and bank routing number.
Can a collection agency report the same collection account under 2 different account numbers on your credit report?
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 Answer Sorry, 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…
If someone deletes their Yahoo account, they will not be able to recover any information or reactivate their account. Yahoo has a specific "Account Deletion" page one can access after signing into their Yahoo account prior to deleting their account. You will be asked to verify information such as your password and then confirm account removal.
"First, one would have to access the Google mail website and sign up for a google account. Once the required information is entered and account names and passwords are picked one will then submit that information and an account would be created. Afterwards, one would go to gmail and enter their account information to start using gmail."