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Answered 2007-06-14 00:20:21

YES!

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Can a hospital sue for nonpayment?

Yes, a hospital can sue you for nonpayment. If you fail to pay your hospital bill, the hospital will report your account to a collection agency.


Is hospital account information shown on a credit report?

Yes it is, right under the hospital's name. Generally, paid and satisfactory hospital bills do not show on a consumer's credit report. Unpaid bills that go to a collection agency are frequently reported. Most hospitals and medical providers have existing arrangements with collection agencies that processes unpaid bills rather quickly.


What is an open collection account?

A collection account that has not been paid off.


Do you need to include account numbers for both the collection agency and the original creditor on your bankruptcy form?

Include the original account number if you are including the original creditor. Include the account number for the collection agency if you do not have the orignal creditor information and are including them as "Care Of" for service.


Which background check includes bank account information?

none


How do you find the collection agency's contact information if the reference on your credit report says only 'medical collection account'?

Contact the credit reporting agency from where you got the report. They have the contact information and can provide that to you upon request.


What is a Derogatory public record or collection?

== == A Deragatory record is an account that has had a history of late payments. A collection account is an account that was not paid on time or at all, and was closed by the creditor and sold to a collection agency.


If account is sold to collections should original creditor remove that account?

The original creditor does not remove your information. What is should say in the notes section is that the account has been transfered or sold to a third party collection agency. This information will remain on your account until the 7 year clock expires.


Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?

No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST


If your account is sold to a collection agency how to do you find out when it was sold and how old the account is?

When the collection agency contacts you, they have to give you the opportunity to request information concerning the debt. You will have thirty days to send a written request to dispute the debt. And to ask for confirmation of the original creditor, the amount owed, when the account was remanded to the agency, etc.


How does a creditor know where and what bank account to freeze?

The banks send your information to the major credit reporting agencies. In order to freeze your bank account the creditor must obtain a court order to collect on a debt from you. With that court order they can get your account information from the bank to process the freeze/collection.


A check register includes what information for checking account transactions?

Date of transaction


If you offer to pay a lessor amount on a hospital bill then was previously agreed upon can they still send the account to a collection agency?

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.


If you are advised not to give your bank account information to a collection agency does that mean you should not pay by personal check?

It is in the best interest of the debtor to not allow access to his or her financial information and most particularly not to agree to an automatic withdrawal from a bank account by a collection agency. The safest method is to pay other means, such as a USP money order with return receipt.


Can collection agencies freeze your savings account?

No, collection agencies do not have any right to freeze your savings account. Only banks have the right to freeze your account but depends on the nature of the default.


What is considered an active a collection account?

An active collection account is a debt that a company is attempting to collect. This continues until all avenues are exhausted.


How much will removal of incorrect collection account increase fico score?

How much will removal of incorrect collection account increase fico score?


The four major categories of information that appear on a credit report?

I think it's Public Record Information Collection agency account information Credit account informationCompanies that requested your credit file Thats what I put for my answers on my assignment. You can see where I go it from:http://practicalmoneyskills.com/english/resources/tutor/statements/credit_report.php


What does it mean when your credit report states that you have a paid closed collection account on you credit report?

The original account with a normal credit company went to a third party collection agency. Only after it went to the collection agency was the debt paid and then the account closed.


Can collection judgment freeze your bank account?

Yes, a collection judgment can freeze a bank account. A court order is required. If a bank account is frozen, it cannot be used until the debt is paid.


What information does the creditor need about you to report you to the collection bureau?

Creditors obtain all the information they need to report defaulted accounts to credit bureaus when the account holder fills out the original application/agreement.


What is the journal entry for collected on account 1200?

Debit cash / bank 1200Credit accounts receivable 1200If it is a collection from customer's account, thenDEBIT: Cash 1200CREDIT: Accounts Receivable 1200Collection from customer's account


What information is required when a person wants to open a free checking account?

The information required when a person wants to open a free checking account includes name, address, phone number and some government issued identification for proof. Once the information is approved the account is ready to use.


Can a collection agency pull your credit?

No! ###### Yes if they have permissable perpose to do so (ie: Collection On Your Account)


When a creditor reports account information to a finance company and they report it as late does this imply that you were 30 days late?

Your credit report will show if an account was 30/60/90 days late. After 90 days, the account could show as a 'charge-off' or 'collection'.