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You are not required to give a collector any information
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∙ 14y ago
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How much information do you need to give a collection agency?
You should never give a collection agency or anyone else any personal information over the phone. You do not give any specifics of your particular situation but it is best to always deal with them by by mail. Then you have a record of exactly what was said and done. Many collection agencies are less than truthful and will say anything to get information from you to enable them to collect. Never give them your bank account information and consider setting up another bank account at a separate bank if you are making payments. You have the right to stop them from calling you at home and work. You also have the right to verification of the amount they claim you owe. You should also check the statute of limitations in your state to be sure that the time for collection has not expired.
What does it mean when a credit card is charged off?
When a credit card is charged off it means that the company has given up on trying to collect funds on the card and they usually sell the rights to a collection agency and the collection agency will try any means possible to get some money out of you. They usually will send official letters, email, and call your house phone, cell phone and work phone if they have access to this information.
What can be done to you if a debt goes into collection?
AnswerFind 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 talk to the collectors if not, talk to them, explain your situation and offer work with them to pay off the debt
Can a collection agency obtain a judgment for a charged off credit card once the 7 years have passed?
The 7 year designation relates to the time a negative entry can remain on a credit report not to collection procedures. A collection agency does not have the legal power to sue someone unless the agency is a collections law firm. A creditor must file a lawsuit in the state court where the debtor resides, win a judgment against the debtor and then use the judgment to collect the debt. Only an attorney licensed in the state where the debtor lives can file a lawsuit; the one exception being UCC arbitration which can be appealed. It is possible that the state SOL for debt in which the person lives has expired and the collector can no longer pursue litigation. NEVER accept what a collection agent claims as the truth. Collectors work on commission and some will say anything, and often violate FDCPA and other consumer laws. NEVER give a collection agency financial information or agree to any terms other than those submitted in writing. ALWAYS become informed of your legal rights in relation to the laws of the state of residency. The law allows a debtor to send a letter of "cease and desist" to stop a collector from contacting them or their family members.
What is T accounts for work in process?
T accounts for all the accounts are the same. Please give additional information about your question.
How are work commercial collection agency?
The commercial collection agency is used in debt collection in the event a debtor fails to.
How much information do you need to give a collection agency?
You should never give a collection agency or anyone else any personal information over the phone. You do not give any specifics of your particular situation but it is best to always deal with them by by mail. Then you have a record of exactly what was said and done. Many collection agencies are less than truthful and will say anything to get information from you to enable them to collect. Never give them your bank account information and consider setting up another bank account at a separate bank if you are making payments. You have the right to stop them from calling you at home and work. You also have the right to verification of the amount they claim you owe. You should also check the statute of limitations in your state to be sure that the time for collection has not expired.
What is commercial collection agency?
A Commercial Collection Agency is and agency that collects debt on behalf of their clients, same as a consumer collection agency, but a commercial collection agency collects business to business.
Can a collection agency collect from someone on disability And if not how do you stop them?
I used to work for a collection agency, and as far as I remember, no you can't. That would be like trying to garnish a social security check. I don't think they can do that.
Can a collection agency ask your employer for your position and salary?
The first time a collection agency contacts you, it must give its name and address, and the name of the original creditor (the business or person you owe money to). It must also tell you in writing the amount of the debt and any fees which have been added, such as interest or collection fees. You must also be informed of your right to dispute the information. * A collection agency cannot call or write to you more than three times a week. Only one of those calls can be at work. You cannot be called between 9 pm and 8 am. * A collection agency cannot harass, intimidate, threaten, or embarrass you. It cannot threaten violence, criminal prosecution, or use offensive language. * If you send a written statement requesting a collection agency to stop, it cannot continue to call or write to you to demand payment. If you have an attorney, the law prohibits a collection agency from contacting anyone other than your attorney. If you do not have an attorney, the agency can contact other people only to find out where you live or work. The collector cannot tell these people that you owe money. In most cases, the collection agency can contact another person only once. These same rules apply to contact with your employer.
Can collection agency make an house visit?
Yes, a collection agency can make a house visit or visit you at work if they cannot reach you by phone and their letters are going unanswered. Personal visits are one of the most effective ways to get paid.
What purpose does the International Debt Collection serve?
The International Debt Collection Agency is a debt collection agency designed to collect debts from debtors that have not paid for goods supplied or services rendered. Debt collection agencies are designed for debt recovery, and speak on behalf of the company to which the debt is owed to work out a settlement between the debtor and the creditor.
How do collection agencies work re rates they charge the collectee and the collector?
Generally a collection agency will charge the company they are collecting for a percent off what they collect. They do not charge the person they are collecting from.
Do collection agencies usually garnish wages?
Collection agencies are usually retained by the establishment that you owe the defaulted debt to, if the borrower ( person in debt) does not want to work with the collection agency handling their debt, the collection agency will then document the account as a refusal then send the account back to the original lender then they will garnish your wages until the life of the loan is paid off.
If you want to send a letter to a collection agency asking them to stop calling you at home and work how do you get their mailing address?
The easiest way to do it is to get a copy of your cedit report. all creditors (and collection agencies) that you carry an account with will have their contact information listed there. Otherwise, if you know the name of the companies you can search the web for contact information. The credit report is fastest. Good luck.
Can a collection agency have you arrestedyou are international student who owe money to hospital will the law work differently for youwill they deport you if the Ca sues you?
THE COLLECTION AGENCY HAS NO LEGAL STANDING TO HAVE YOU ARRESTED...HOWEVER IF YOU OWE A HOSPITAL FOR MEDICAL BILLS YOU CAN CALL THE BILLING DEPT. AND ARRANGE TO MAKE PAYMENTS TO THEM THAT WILL WORK FOR YOU...DO NOT AGREE TO SOMETHING YOU CANNOT HANDLE.
What does it mean when a credit card is charged off?
When a credit card is charged off it means that the company has given up on trying to collect funds on the card and they usually sell the rights to a collection agency and the collection agency will try any means possible to get some money out of you. They usually will send official letters, email, and call your house phone, cell phone and work phone if they have access to this information.
