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Nope. Advise the collection agencey that this was settled with the original creditor. You may have to provide them with a copy of a canceled check or money order. You can also have the creditor call the agency. Some will, some won't.

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โˆ™ 2015-07-16 18:23:20
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Q: If Company A sends your acct to a collection agency but you decide to pay off Company A do you still owe the collection agency money?
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Related questions

If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?

You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.

If a collection agency goes bankrupt how does someone find out who owns the debt?

Even if the collection company goes bankrupt, you still owe the bank whatever money you borrowed from them. The bank hires the collection company to get that money, so you still owe them

Can collection agency get money from student on assistance?


What are your options if you are unable to pay the full debt amount to the collection agency?

Do NOT pay any money to a collection agency.......send your money to the debtor, the person you owe it to. Send it in the form of a check or money order. NEVER PAY A COLLECTION AGENCY

Can a collection agency collect interest on your debt?

Yes, Collection agency can do that. But contact a good collection agency like Guardian Credit Services, they know will how to deal with customers to get money

What does collection mean?

Collection is an attempt to get money or property from someone who owes money but has not payed. A hospital might have a collection agency call to attempt to get payment for past medical bills, while a loan company might use a repo company to get back a car that was never paid for.

Does the creditor or the collection agency get the money you pay on a debt?

When a collection agency takes on a bad debt, in many cases they are "puchasing" the debt from the original creditor. When you then pay off the collection agency, your money will stay with that collection agency. This is the most common scenario, but some companies do have their own internal collection agencies (Capital One, for example, has their own collection subsidiary in Idaho - the Westmoreland Agency). Hope this helps!

What kind of service does a collection agency provide?

A collection agency is commissioned to collect money from those who have defaulted on credit card bills or loans. The agency tries to recover as much money as possible.

Is it legal for a collection company to place a lien on student loan money?

the collection agency doesn't do that. the federal quarantor and/or the department of education have the only power to place liens or offsets

What do I do after a collection agency sues me?

Once a collection agency sues a person they may have to get an attorney and go to court to settle this. The agency wants you to pay the money you owe them however they can get you to do it.

What is wage garnishing?

When You owe money to a collection agency via: bank, credit card, hospital, ect... for not paying them the collection agency will take the money directly from your paycheck if you continue to not pay.

Can collection agency take money out of joint account in ct?

Yes they can.

How do you get rid of the money that you owe from collection agency without paying them and become good credit again?

how to get rid of the money that you owe from collection agency without paying them and become good credit again

How do you report someone to a collection agency?

You have to contact the collection agency and broker a deal with them. The agency will buy the debt from you for much less than the debt is worth. The agency will then contact the person, and keep any money paid by the person.

Can you be sued by the original creditor if they have already sold your case to a collection agency?

If they've sold your case to a collection agency, they have been "paid" for your debt with the money the collection agency gave them for your case, so, no, they can't legally sue you - as far as I know.

Can a collection agency sue you for money in any state How can they do that if the original company wrote it off Is this legal?

When you default on some debt, the original creditor writes it off. When they write it off, they usually sell it to collection agency. Since the collection agency bought it, it becomes theirs. If they try to collect and you don't pay, they can sue you. Learn your rights by reading up on the FDCPA.

Does a debt collection agency have to send you something in writing?

In general, a debt collection agency is required to send notice of collection to the person who owes the money. However, simply avoiding the letter or notice does not cancel the debt.

What are the benefits of using a business collection agency?

There are a few benefits to using a collection agency for ones business or personal purposes. One benefit to using a collection agency would be being able to avoid having to directly deal with the person who owes money.

How do banks get their money back when they repossess an auto?

They sell the vehicle for what they can, then charge the remainder to you. They usually sell that debt to a collection agency, and the agency starts calling you for that money.

What does a collection agency do to your credit?

They don't do anything. Failure to pay bills causes credit to be reported badly and your credit score to go down. All a collection agency does is go after you for the money.

Is there a dollar amount for collection agency's to report to the credit bureau?

A collection agency can report you to the credit bureau for any amount of money. There are agencies that will report for amounts under a hundred dollars.

How do you stop collection agency calls with a letter?

Put a money order with the amount owed in the envelope.

What is required to open a collection agency?

a license for every state that you are going to do collections with and money for starts

Does my father in laws estate have to pay a collection agency?

If the agency has filed on the estate, and there is enough money to pay the other filing creditors, then yes.

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.