Can hospital report debt to collection if you pay monthly?
Yes, if you default the monthly payments.
If a second collection agency takes over a unpaid debt can they have that collection put on your report?
If you have a 2300 dollar hospital bill and you make 20 dollar monthly payments are they allowed to send the matter to a collection agency?
No, as long as you have contacted the hospital and they are aware that you are paying a monthly amount and have agreed to accept that amount, they can not send you to collections. Most hospitals also have financial hardship programs and charity options. You should contact them to see if you qualify. I work for University Of Maryland and do ER billing. If you have a debt and the collecting party has proof of…
Can a debt collector report to a CRA a debt which was never reported by the original creditor of the debt?
The answer to your question is Yes, they can report a debt that was never origionally reported to the CRAs. This is most common with medical expenses. You may have an outstanding debt to a doctor's office for example, and though Doctors do not typically report debts to a CRA, if they sell your outstanding debt to a collection agency, they absolutly have the right to report it to your credit report. So, in a…
Yes, definitely. Although, it will only show up on your credit report after the hospital has proceeded to turn the debt over to a collection company and the collection company obtains a default judgment against you. At that point, it will show up on your credit as a derogatory public record/lien/judgment.
Can a collection agency report you to the credit bureau if you are making monthly payments on your medical bill?
If original creditor charged off then sold it to a collection agency can they both report the debt where the same debt appears twice on your credit report?
Can the collection agency for a hospital list one inpatient hospital bill 3 times for 3 different amounts on your credit report?
The person that last posted this works for a collection agency. Know your rights. WWW.HOSPITALVICTIMS.ORG The above website will evalute your medical bills. Ask them for a valiation of debt They can report what they want. According to the FCRA it needs to be factual. If it is not accurate data I recommend filing a dispute with the credit agencies at which it is reported.
If you are trying to clear up your debt do you pay the collection agency or the original business you owe to and have them try to buy back your debt?
Your main consideration is that your credit report should be at its most favorable. Therefore, whomever you contact, make sure you get in writing that you will pay the debt and, in exchange, you expect the debt to be removed from your report, or at least that the debt should be converted to "good." Usually, once the collection agency is involved, the original company will not deal with you. This is because they now have…
What legal right does a collection agency have to collect a debt after 7 years if the debt is no longer on your credit report?
If vehicle was repossessed in 2004 but ex spouse stopped paying consistently in 1999 What date must the collection agency report to the credit bureau?
What does it mean when your credit report states that you have a paid closed collection account on you credit report?
All known monthly debt (everything reporting on your credit report, plus mortgage and housing debt such as taxes and insurance, including legal debts such as alimony) in comparison to your pre-tax monthly employment, retirement, or legally structured installment (alimony/child support etc.) income. $1000/month income to $500/month debt is a 50% ratio
I am a professional debt collector and would say the best answer would be to either contact your credit card company and see to whom they sold the debt, as they no longer own the debt and therefore can not help you rectify the situation. The other option would be to pull a credit report on yourself and check to see if the collection agency is on your report, or if there was an inquiry…
No! The only obligation of the collection agency regarding a debt is to accurately report the debt...i.e. balance outstanding, current status, and payment history. However, if you are paying or contemplating paying a collection agency, it would be wise to negotiate a positive outcome...i.e. the total removal of the account from your credit profile in exchange for payment. This should be negotiated prior to paying the collection agency and the agreement should be in writing.
Can you sue a collection agency who continues to report a debt as a debt in collection even though it was discharged in chapter 7 four years ago?
First, make sure you have documented proof that shows the account was discharged. If you haven't filed a dispute. You should then report them under the Fair Debt Collection Act for unfair reporting. If, after that, they still report and account and you can prove otherwise, you should look into an attorney who can file suit for you. Rest assured they'll have five lawyers for every one you find.
Yes it will go on your credit report. It will usually appear as a "charge-off" if it has been sent to a collection agency. *** Typicallly the answer is yes. It really depends on what the subscriber (the own of the debt) chooses to report. They may or may not report the debt to the Credit Reporting Agencies. They usually do, but I've seen it go both ways. If the debt is already on your…
If a collection account was sold to another collection agency is it correct that they should both show up on your credit report as late payments?
If a charge off has just come off your credit report can a collection agency or debt collector put it back?
IT IS NOT ILEGAL FOR ANYONE TO HAVE A DEBT SHOW UP TWICE ON THEIR CREDIT REPORT. THE BEST THING TO DO IS CALL THE CREDITOR OR COLLECTION AGENCY THAT THIS DEBT IS UNDER AND HAVE THEM REMOVE THE EXTRA INFORMATION OFF OF YOUR CREDIT REPORT. ASK THEM TO REPORT IT TO THE BUREAUS IN ORDER FOR THIS TO BE RESOLVED.
No. To calculate your debt to income ratio, add up you total monthly bills (only the bills that will report to the credit bureaus like credit card payments, car loans etc. , do not include the utilities, cell phone bills, insurance etc.) Take your monthly payments and divide them by you monthly income, this will give you the debt ratio. If you owe less than 10 months on an installment loan, most banks will not…
Can a collection agency report a debt without contacting you first and claim to not have your current address on file?
If a debt listed on your credit report was sold from one collection agency to another and you paid the debt with the new agency can the old agency still be marked as a debt on your credit report?
If the old collection company is still showing the debt being owed, it can usually be taken care of by supplying to them evidence of the payoff of the debt with the other agency. Should that not work, order your credit report on line (from whichever bureau is reporting it) and then instigate an on-line dispute. You'll have to supply to them evidence the debt is paid and then they'll handle it from there. This…
If a debt on your credit report says 'bad debt write off ' can the creditor still sue you or collect the money?
Can a collection agency report and collect a debt that is shown as a charge off from another creditor?
Answer Find out who the collection agency is, if you don't know, and pay the debt off immediately. As soon as the debt is payed get it cleared from your credit report. If you debt is business to business, then plays different rules compared to consumer debt, laws and rules applied to debtor and protect also the business that place the account to a commercial collection agency, if you have a lawyer ask him to…
Depends on your states statute of limitations. If your state has a 7 year statute than no it can not. But they will try. If statute is not up yet but close to being up then you can ignore their phone calls and mail and let it expire. If you respond it will re-age the debt. However, collection agencies will sell your debt to another collection agency when the statute of limitations on the debt…
The original creditor either sells the debt to a collection agency or the collection agency may aquire the debt on a contingency basis. At any rate once the account is in collections 30 days from the date of turn over the collection agency has the right to report the account to the credit bureau. Accounts are sent to the credit bureau via internet with encrypted files.