Debt Collection
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Can you still negotiate with a collection agency when they are currently suing you?

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You can always negotiate a settlement with the collection agency. When calling the collection agency tell them you will pay the full amount of the debt but not the fees. Collection agencies never buy debt for the full amount so they always have room to negotiate. They will more than likely take the amount without fees because they are still making a profit.

No pay the vendor. If you pay the collection agency they will extract a fee from the payment and you will still owe the vendor

No. The collection agency will validate the amount for you if need be, but the creditor no longer owes you the courtesy of a statement.

Unless you have a specific repayment plan that the collection agency agreed to, there is no legal reason that cannot sue the cosigner.

No, as they are the legal agent of the original Creditor and the arrangements made with the collection agency are binding on the original Creditor.

Of course. If it's an unpaid debt, the collection agency owning the debt may try to collect it. And beware, they can track you down no matter what. However, they have to abide by certain rules, which are defined in the Fair Debt Collection Act.

Yes, a collections law firm, is still defined under the FDCPA as a collector. They are required to follow the same regulations that apply to a regular collection agency.

Nope. Advise the collection agencey that this was settled with the original creditor. You may have to provide them with a copy of a canceled check or money order. You can also have the creditor call the agency. Some will, some won't.

Don't let a collection agency push you around. As a consumer you have many rights. The best places for anyone to exercise their rights are in small claims courts. For less than $100 you can bring a collection agency to their knees.

Even if the collection company goes bankrupt, you still owe the bank whatever money you borrowed from them. The bank hires the collection company to get that money, so you still owe them

Paying the collection agency will clear up your account much quicker and some creditors will return the payment to you if you send it directly to them. Most creditors sign a contract with a collection agency and cannot discuss the debt with the debtor once they place it with the agency, they must refer all correspondence, communications and payments to the agency for the life of that contract.

Yes, as well as any subsequent legal fees.

Yes. You have a legal contract to pay the agreed upon amount. If they did not accept your latest offer, they can send the bill to a collection agency.

Hard to say. Disputing the collection after you pay off the creditor could still come back as 'verified' from the credit bureaus simply because the collection did happen. If the collection agency does not respond to the credit bureau's query, then the entry will be removed.

A collection agency can't access a credit report w/o the permission of the party involved. They may try to mislead someone into believing they are able to do so, and that is a violation of the FDCPA and should be reported as such.

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.

You get a letter from the paid collection agency and send it as proof of payment to the new agency. In the mean time, you call the new agency and dispute the claim of debt. If they receive the letter and still harrass you, then you have the right to sue and turn their neames over to the BBB. This is only if you paid in full. If you settled, then the next agency can try to get the unpaid amount. Remember, there is a 4 year period on medical bills. After that, they can't collect, unless the hospital revitalized your account.

yes and do all the time and the old agentcy will still show on credit report It can be bought and sold as many times as the agencys want to move it around

Twiggy (born Leslie Hornby now Leslie Lawson) is currently modeling for the Marks and Spencer Agency.

Nope: 6 years is the max, according to this:

No. I am an agency owner in PA and Nationwide is currently doing a lot that makes it a bad idea. They are making a lot of changes and just about every one seems to take money out of the agency owners hands. It can still be a good deal to work for an agency though if its a good agency.

No. You can take the paperwork with the collection and send a certified copy to all 3 credit bur., and it will or should be taken off.

When that person died, his assets became part of his estate. The debt you owed him became one of those assets. The legal representative of his estate has an obligation to collect the debt from you and has the full legal power to do so, either directly or through a collection agency.

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