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If a collection agency is suing you - but you have no job or assets - what will happen if they win?
Wiki User
∙ 12y ago
The debt could become a judgment. Do not put yourself in a state of worry. Your options are to settle this debt or once this account is placed on your report as a judgment you can submit an offer to compromise. Especially if you are struggling with your finances.
Wiki User
∙ 12y ago
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A collection agency is suing you what do you need to do?
Pay your bills.
Can debt collection agencies sue in North Carolina?
This is a misnomer. When an account is sent to debt collections, the collection agency does not typically own it. They are simply acting on the part of the lender or creditor. When judgment is sought on a bad debt, it is the lender who is suing. They are perhaps doing so through the collection agency and the lawyer they have under contract, but it is not the collection agency who is suing.
If a collection agency is suing you can they send you notice through the regular postal service or do they have to serve you the papers?
Depending on state statutes, a notice/summons can be sent via registered mail.
If being sued from a collection agency can you present to the judge you would like to buy the account at what the collection agency pay for?
You can propose anything in court. The amount the collection agency is suing for may or may not include excessive fees and interest. If your position is well-argued, you may do well. However, if it is not...you will always suffer the consequences. Remember, you will be the only one in court that day that doesn't know what you are doing. Everyone else does it, every day, for their job. If it is a considerable amount of money ALWAYS get a lawyer.
Can a collection agency put a lien on your property in the state of Ohio?
Only courts can do that. If a collection agency wants the power to put a lien on, they have to sue you.Look into Federal Trade Commission and Ohio law via Google.You have more protection than you imagine. For example, you can write to a collection agency and tell them to stop contacting you and they must stop. If you are willing to take their calls, they must call at reasonable times, no more than daily and they can't threaten you with any action they don't really intend to take, e.g. suing you for a small debt.
Can you be sued if you have no assets or money?
Yes. It may be a pretty hollow victory if the person suing you wins, though.
How do you get the money that you are suing for if the person does not work?
Possibly from other assets, possibly from insurance, possibly you don't get it. There is no guarantee that you will be paid.
Can bank account be garnished if filed by collection agency rather than original debtor?
Yes, it can be garnished by a collection agency (CA). What happens is that the original credit sells the debt to the CA. Then the CA owns the debt. The CA tries to collect from you. If you don't pay, they can sue you. If they sue you and win a judgment, they can garnish your wages. Of course, the CA may be suing you for debts that are not yours or where the statute of limitations has expired! Learn your rights by reading up on the FDCPA.
If a friend refuses to pay a debt and you don't want to sue but want to report it so it appears on his credit report how can you do that and will a collection agency file such a claim?
Not without suing. It's a credit report. You are not a creditor. If you sued and got a jugdment and she didn't pay then that would be on the credit report
What does it mean when a bill goes from collection to an attorney?
An owed bill goes to a collection agency so they can collect on it. When they can't collect the amount owed (which by the time it goes to the agency, they may take a low offer on the amount) they go to an attorney so the attorney can sue the person owing the bill in court. By suing the ower, they get a judgment that goes on the ower's record and they can put a lien on property and maybe garnish pay or bank accounts depending upon the amount owed. This is not a good thing.
What does the legal use of the term assigned mean in regards to debt assignment?
The term assigned in this instance means the original creditor has assigned or given the right to collect the debt from you to another entity, such as a collection agency. If there is a proper assignment, you no longer owe the money to the original creditor and it may likely refuse to accept payment. Now your debt is owed to the company the debt was given to. Sometimes, unpaid debts are sold to collection companies for maybe 50% or some other higher or lower percentage of the unpaid amount. Now the collection agency owns your debt. This is why you might be able to make a deal with the collection agency to pay less than the amount owed. If a collection agency pays 50% of the debt, then contacts you, it will want the full amount. If you can't pay it they will sue. However, suing and collecting the full amount through garnishment is a slow, time-consuming process. Often the agency prefers to get something more than it paid in order to make a profit. If the agency paid $500 to buy a $1,000. debt, it might be very happy to get a payment from you in a short time for $700. That way it made a quick $200 with not much work. Remember when dealing with collection agencies that claim the debt has been assigned to them for collection, you have a right to see that assignment in writing before sending them anything.
When was Suing the Pope created?
Suing the Pope was created in 2002.
