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Can law collection agencies keep asking for more money even you can't afford it?
Wiki User
∙ 11y ago
Yes, even though it makes very little sense for them to do so. A collection agency regardless of the status can continue collection attempts as long as they do not violate the FDCPA.
Wiki User
∙ 11y ago
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Can collection agencies take money from a personal bank account in TX?
Yes they can.
How do you find out what collection agency you owe to?
An easy way to find out what collection agencies you owe money to is by pulling your credit report. Credit reports will list balances with all creditors as well as if any balances were turned over to collection agencies.
Which of the following includes several agencies that manage the circulation of money and collection of taxes?
Department of the Treasury
What form of payments are acceptable to pay credit collection agencies?
Wouldn't they want a money order or cashier's check?
What are the advantages of financial consolidation?
One of the advantages of financial consolidation is that bill collection agencies will stop calling asking for money. Another advantage is that all payments will be made together usually at a lower rate than most of your credit cards.
If you owe the bank money do they take your tax refund?
No. Usually a bank will send your debt to a collection agency. Most collection agencies don't have the authority to garnish your tax refund.
Is there a dollar amount for collection agency's to report to the credit bureau?
A collection agency can report you to the credit bureau for any amount of money. There are agencies that will report for amounts under a hundred dollars.
Does the creditor or the collection agency get the money you pay on a debt?
When a collection agency takes on a bad debt, in many cases they are "puchasing" the debt from the original creditor. When you then pay off the collection agency, your money will stay with that collection agency. This is the most common scenario, but some companies do have their own internal collection agencies (Capital One, for example, has their own collection subsidiary in Idaho - the Westmoreland Agency). Hope this helps!
Who oversees collection agencies?
Collection agencies are typically overseen by government agencies at both the federal and state level. At the federal level, the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) are responsible for enforcing fair debt collection practices. Additionally, each state may have its own regulatory agency that monitors and licenses collection agencies operating within its jurisdiction.
What is OSI collection services inc?
OSI Collection Service is a "Third Party" Collection agency. Collection agencies buy your information from the original creditor in order to collect on a debt. What this means is that they make money if you pay anything on this debt, not only from the original creditor, but a commission on the payment that you make on that debt.
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.
If you owed student loan money from Sallie Mae and it is now turned over to a collection agency can I be garnished?
Yes! If your student loans are with a collection agency they are in default. When student loans are in default the dept. of ed gives the collection agencies "CARTE BLANCHE" to collect the money by any means necessary. Wage garnishnent is only one.
