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How can a collection agency collect on a debt for mileage and damage for a leased vehicle that was turned in after the lease term ended?
Wiki User
∙ 15y ago
When you lease a vehicle, you agree to the terms of the contract, which usually include sections regarding charges for going over allowed mileage and damage to the vehicle not considered routine wear. If you don't pay the assessed fees for the over-mileage and damage, the dealer will eventually sell the debt to a collector, who will hound you until you pay. IN a car lease contract, there are specific terms about "extra mileage" charges, if the car is driven over the annual or lease term amount. The contract also has a clause about "damage" that is over and above regular wear and tear, as set out in the contract. Just returning the car does NOT absolve the leasee of their responsibility to pay for "extra mileage and damages ". The leasing company is well within their rights to sue you to recover the extra costs that you laid on them.
Wiki User
∙ 15y ago
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If vehicle was repossessed in 2004 but ex spouse stopped paying consistently in 1999 What date must the collection agency report to the credit bureau?
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Can an out of state collection agency collect in Wyoming?
Yes if they are licensed to do so
If the collection agency didn't collect anything from you do you still owe the collection agency anything in the state of Wisconsin?
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.
Can a collection agency prosecute someone on supplemental security income?
A collection agency can collect from someone on social security or disability. If you incurred a debt, you can be prosecuted.
In Arkansas can a collection agency sue you if the original creditor accepts payment on the debt?
If the debt was sold to a collection agency and the original creditor accepted payment AFTER the debt was sold, the money does not belong to them. If, however, you paid the debt and it was mistakingly sol after that payment, the collection agency can't try to collect. If you have proof of payment, forward it to the collection agency and deman in writing that they cease trying to collect this debt.
Can a collection agency take possession of a vehicle in Maryland?
If your vehicle is the collateral for the loan, then yes.
Can a collection agency in America collect monies outside the jurisdiction for small amounts -such as the annual maintenance fees on a timeshare?
a collection agency can collect where ever they need to. they purchased the debt from the timeshare company (to use your example). what i don't know is if they can impact your credit if for instance you were in the US and the collection agency or timeshare company is out of the country.
