When a consumer receives a notice from a collection agency requesting payment of a debt, the consumer should always present to the agency a written request for confirmation of the debt owed.
The statue of limitations for collecting a debt varies from state to state, but it usually corresponds with the credit reporting rules which is 7 to 10 years. Collection agencies find ways around this though by reselling the account to other collection agencies, thus reaging it and starting the SOL over.
You can get free copies of your credit reports once a year and check them to see what accounts have been placed with collection agencies. You can contact those creditors for the agency information. The debtor need not be concerned about such matters as it is a certainty that the collector/creditor will be in contact with them in one manner or another.
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.
Looking for a Collection Agency, involves to know what type of debt collection service is need it. For Commercial Collections or Consumer Collections it can be found on sites that regulate the collection industry like:The Commercial Law League of America ('CLLA'),ACA InternationalAlso is very important when you choose a Collection Agency look for an agency that is familiar with the collection laws on the state that apply the bad account.
Collection agency buy or get assigned accounts from different kinds of creditors who you may owe without realizing it. Examples of these kinds of debts include bad checks, debts owed from medical services, defaulted leases and others. None of these debts are typical of the kind you undertake willingly (like a credit card account). But they still can be legitimately owed by you. You would need to track down the source of the collection account, find out whether or not the collection agency has your identifying information. If not, then you would need to investigate to determine the nature of information being reported against you. It might be that you are the victim of identity theft.
You do not get dividends from selling stocks. Either you get a profit by selling stocks or you get dividends by holding them. Anyways, to check if you have received a dividend, check the bank account that is linked to your share trading account. The money would have deposited in your account by online transfer (In 90% cases) If not, the money would reach you as a cheque or a draft within 10 days of dividend declaration.
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