0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What happens to your lower credit rating after you've paid off your collection accounts?
Nothing, a paid collection reporting on your credit report is just the same as if it was reporting unpaid, they both are negative entries.
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.
Can a debt collection company issue a summons for unpaid unsecured debt?
Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.
If a second collection agency takes over a unpaid debt can they have that collection put on your report?
Yes the second collection will be placed on the credit report. But they will remove the first collection agency off the report. In some states it is against the law to be double billed by two collection agency for the same debt.
If you were a minor and you have an unpaid medical bill can it legally be sent to a collection agency and then held against you when you turn 18?
No. If the bill was incurred when you were a minor, then the bill is your parent's responsibility. It would be illegal to put it on your credit report.
Can a hospital legally deduct from your paycheck to cover an unpaid balance?
yes they can
Can a collection agency sue for unpaid credit card debt?
yes
What is meant by AR-Caller in medical billing?
In medical billing, AR stands for Accounts Receivable. Accounts receivable are the claims that are unpaid by insurance companies or patients. An A/R caller is a person who calls insurance companies about unpaid claims and tries to resolve the reason the claim is unpaid.
Can a creditor freeze your corporation account for a personal bill?
For starters, a creditor or collection can not just freeze accounts, unless this creditor is your bank and they have some more powers over your accounts. However, if you had an unpaid personal bill, generally it would not be attachable to your business, and vice verse, unless there was a guarantee involved.
What are unpaid judgments?
A judgment is a debt that is legally owed by a debtor. It is a court ordered payment demand. An unpaid judgment is a judgment that has not been resolved.
What is the national percentage of unpaid medical bills going to a collection agency?
35%
Can an unpaid balance on auto insurance effect your credit?
Unpaid balances owed to insurance companies will be sent to collection agencies and will count against your credit.
