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Debt collectors just want your money, they have no interest in your past tax returns.
The question has been amended as it is believed what the questioner meant was tax refunds not returns.
In answer to such, no regardless of what some debt collector/creditor might have inferred the receipient of a refund does not have to use it to pay creditor debt unless they so choose. However, once the funds have been deposited in an account a judgment creditor can execute a valid judgment as a bank levy against those funds.
What else can I help you with?
What point can you request a settlement on credit card debt?
Settlement usually occurs when the account is past due and has been closed. You can either try to settle with the credit card company, or the debt collector that the credit company sold the account to.
Is it possible for a debt collector to garnish your social security earnings when you're past retirement age?
A debt collector can not garnish social security benefits. Not unless your debt is to the Federal Government. That violates violates Section 207 of the Social Security Act (42 U.S.C. 407).
How much do debt collectors pay for debt?
The income of a debt collector depends on the contract he os she has with the company they work for. Xpress Page worked with a company in the past that paid 50% of the debt collected, that is not too common. But if you are interested in debt collections, check with xpress page. google Xpresspage
What is the past tense of settle?
Settled is the past tense of settle.
How to you spell the past tense of settle?
You spell the past tense of settle like this: Settled
Can the debt collector sue you for a 12 year old account?
Yes, they can sue you for a 100 year old account, BUT they cannot collect on it or obtain a judgment if the statute of limitations has expired. If seven years have passed since the last payment was made, the debt is no longer recoverable.
How do you say settle in past tense?
The past tense of settle is "settled."
When will a creditor settle unpaid accounts in Missouri?
Generally, a creditor will attempt pro-active collection efforts after a debt is sixty (60) days past due.
What does a collector do?
According to the Consumer Financial Protection Bureau and under the Fair Debt Collection Practice Act, a collector is a person, an agency or a company that regularly collects debt that is owed to others. Collection is usually made on delinquent or past-due accounts.
How can I remove old debt from my credit report?
To remove old debt from your credit report, you can start by checking the statute of limitations on the debt in your state. If the debt is past this limit, you can dispute it with the credit bureaus as "time-barred" and request its removal. You can also negotiate with the creditor to settle the debt or pay it off in exchange for them removing it from your report. Additionally, you can work with a credit repair agency to help you navigate the process.
When in IRS noncollectable status will you receive tax refund?
Non-collectable status does not mean that you do not have a tax debt and owe taxes, it merely means that at the present time the IRS has deemed the taxes not collectable. At some future time they could always change this status and activate collection efforts against you for taxes owed. While you have a debt owed in back taxes this amount will stay on your account and therefore any refunds you are owed will still be applied to this debt. I have seen people in the past who don't want to file returns or have taxes withheld if they aren't going to get a refund but this is rather stupid as the debt is still their. If you cannot pay it right now at least keep filing returns and let the refunds be applied to reduce your debt. You will be penalized if you don't and your debt will just continue to grow with penalties and interest.
Is it bad to settle an account with debt collector or should you pay in full?
Your question is vague. Paying in full is settling an account. If you are asking whether it is a good idea to make payment to the collector, it is fine as long as you keep all proof of payment and request a paid in full receipt when the account is settled. If you are asking if making arrangements to pay over time to the collector is a good idea, then only you can answer that with your knowledge of your personal financial situation. Refer to the previous scenario. If you are asking if it would be better to make payment to the original creditor, this is never a bad option unless you have had difficulty with the original creditor in the past. If this is the case, perhaps it would be best to pay the collector and allow them to mediate between you and the creditor.
