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The only person that can accept payment once an account has been charged off is the purchasing agent. When a collection agency purchases your debt, they purchase all legal rights to it, including any payments made towards the account. If you were to pay the original creditor after a chargeoff, they are required to forward that payment to the purchasing agency and this can be a rather lengthy process. Understand that many debts that go to collections are interest bearing and the longer a payment takes to get to the correct party, the more you may be paying in the end.

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โˆ™ 2006-03-10 17:13:59
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Q: Can you pay a debt to the original company once it has gone to collection?
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Related questions

How do you find the company that is holding the debt from someone that has gone into recievership?

You will need to begin by contacting the company in where the debt originated from. They can tell you if they are still holding the debt collection or if it has been released to another company.

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?

When a collection agency sells your debt they no longer have any claim to your debt. It's like selling a car, once it is gone it is gone.

If an original card account has gone on to multiple collection agencies do you include all or the most recent one in Ch 7 bankruptcy and what if you dont know all of them?

Include everyone you know of and just make sure to keep the paper work ready for anyone in the future that tried to collect it. If the debt was not sold by the original card company then you should not have much of a problem in the future; if it was sold it can be a pain as it may jump around to a handful of other debt buying agents before someone does their job and deletes it.

How many times can a collection agency garnish your bank account?

Once a collection agency has gone through the procedure to garnish your bank account, they can do so as many times as necessary until the debt is paid.

A collection that is removed from your credit report be gone off the report but the collection agency said you still owe on account?

Well, check your states statute of limitations. If the SOL is up then tell the company to stop contacting you are you will sue them for harassment based on the fact that they have no claim under your state's SOL. The collection agency will try to say you still "owe" and I guess you do if it is your debt but you no longer have any legal obligation to pay.

There was a collection from a cell phone co. on your credit report from 2002 this month it was gone and your score was up what does this mean?

That means that the collection is gone and your score has gone up. *wonders if this was a trick question*

What is the dog artlist collection?

it is a Japanese franchise collection that has gone on since 2000 AD.

Dieeerent between provision for doubtful debt and bad debt write off?

Provision is when the bank thinks there is a possibility/ high risk that this may not be repaid. Write off is when they know for sure it will not be e.g if the receiver has gone through the figures and it is clear that the assets left in the company will not repay the debt to the bank

How much of the payments prior to repossession is allowed to go toward interest?

Get a hold of a lawyer, because I was told by my friend going through this situation, that His lawyer told him that NO debt once it has gone to repossesion (once that car has been resold), or collection beyond the finance company is allowed to still accrue late payments or interest.

If your account has gone through the hands of many collection agencies does it matter if the last agency does not report something on your credit?

No. The damage was done as soon as the debt was defaulted on. It is common to have accounts taken over by various ca's.

Do you still owe if you get a cancellation of debt?

No anything discharged is gone.

Do you have to pay a debt when the credit agreement has gone?

If by 'gone' you mean the agreement is missing than it may be deemed unenforceable and the debt can be cancelled by a court. This only applies in the UK as far as I am aware though.

How do you find out if your student loan has gone to collection?

The collector will write you a letter.

What are Credit card charge off laws?

Depends upon the state you live in, every state has different laws like statute of limitations of how many years that they can collect after credit has gone to bad debt. Generally the creditor will "charge off" the debt within 180 days of the last DLA. There are not specific laws regarding such action it is mainly a procedure done by the creditor to remove a debt from their account books for means of tax issues and for collection of the debt via other methods.

Would it be better for you to consolidate through a debt consolidation service verses chapter 13?

I have never filled chapter 13 but i will tell that i have been using a debt consolidation company for about 7 months and the have done nothing not one thing exept cause more pain and suffering and loss of wadges. they have compleatly messed up my whole life credit everything ruend gone. So if i were everyone and was in debt DO NOT LISTEN TO A DEBT COLLECTION COMPANY WHO SAYS THEY CAN HELP YOU. Because more likely they are going to take there money and not do anything about it to help you out you can call sent stuff waste your time and money for nothing. So you probably should just contact a lawyer and see what they have to tell you. Answer: Bankruptcy is a complicated process and it should be a last resort as it will damage person's credit for up to 10 years. Consolidating debt is always a better way to solve debt problems and protect the financial future. Bills has information and interactive tools to help consumers find the best solution for your debt problems.

Has anyone gone into debt because of gambling?

Yes, it happens all the time.

What is the original key for the song My man's gone now?

The original key is D minor.

Are adult children responsible for parents debt gone to collection?

In most cases all the debts of the deceased are the responsibility of the estate. If someone was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.

Who was the original creator of the Girls Gone Wild video series?

Girls Gone Wild was developed by Joe Francis in 1997, although the first film was not released until 1999. In 2013 the parent company, GGW Brands LLC went into bankruptcy.

Where can you complete the collection of state colorized quarters you have been collecting for the past years?

Where did you get the earlier ones? Unless the company has gone out of business, they should continue the series. And if they have folded, the series will probably never be completed.

Can a collection agency sue you even though you are paying?

Yes, once the debt has gone into default, the entire balance is owed. By law, the collection agency does not have to accept partial payments. that they have, though, may offer you a loophole. Take proof of all payment history to court on the day of the hearing and present it to the judge. If you can demonstrate a good faith effort, and a good faith intent to continue to pay, it is possible the judge will not grant the judgment and allow you to pay off the debt voluntarily.

Is ones debt completely gone when it is removed from credit report record?

It may not be, records on your credit report can expire and disapear but the debt still needs to be repaid

Has the bopo company gone out of business?

Unfortunetly it has.

Did the company myhab gone out of business?


Are you responsible for a debt that has gone to collections under your name if it was your roommate who signed the contract?

If the contract bears your name and the roommate signed your name with your permission or knowledge then you are responsible for the debt.