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If a credit card company has charged off a debt can a collection agency legally try to collect the debt and if so what can they do?
Wiki User
∙ 17y ago
Yes. A charge off does not mean the debt is not valid and fully comllectible. Collectors will first attempt to recover the monies owed by traditional means, telephone and written correspondence. If such action is not successful the collector has the optin of retaining an attorney licensed in the debtor's state to pursue a lawsuit. A few major collection law firms (Mann-Bracken is one) are licensed to arbitrate rather than follow traditional procedures of filing a lawsuit in the state where the debtor resides. The best option when faced with legal action is to obtain advice or representation from a qualified attorney.
Wiki User
∙ 17y ago
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If a mortgage company goes bankrupt can the company that bought them out legally collect on your old debt?
Yes.
Limit to how long collectors can legally collect your debt in Ohio?
In Ohio, the statute of limitations for collecting a debt is typically 6 years for written contracts and 4 years for oral contracts. After this time period has passed, creditors cannot sue you to collect the debt, although they can still attempt to collect it. It's important to be aware of your rights under the Fair Debt Collection Practices Act (FDCPA) to ensure collectors are following legal guidelines.
If you already paid a debt can a collection agency legally continue to try to collect the debt?
Not as long as you can prove you paid it.
Can a debt collection agency legally identify themselves a 'collection agency' when placing inquiries on your credit report when the debt in question was charged off over a decade ago?
No.
With whom can collection agencies discuss your payments?
Legally, only you and the company employing them, oh and the government.
Can a company legally collect overpaid wages that were paid at the fault of the company?
Yes, if the mispayment was an error then they are entitied to make the necessary corrections.
Can a debt collector legally come to my home or workplace?
Can a loan company come to your home to collect payment? Personal Loan...
What is the chance of being sued for a outstanding credit card balance under 700 that he credit card company has already charged off?
Who would sue you? If it is charged off the CC's have given up because it is not worth their time or money. but it could be sold to some collection crooks that will tell you that they will come after you. If it was wrote off they can't legally collect it, but they are known to LIE and if you make any kind of payment you could again start the whole thing over. Chances are the statues of limitation have run out and then it is noncollectable by any one unless you pay on it.
Can you get charged for cheating?
Legally, no.
Are adult beneficiaries responsible for deceased parents debts?
No, you are not responsible for their debt. The only person legally responsible for a debt is the person that signed the contract for the debt. It doesn't matter if your dead parents left you money. Collection agencies cannot legally collect someone else's debt from you - but they will try. See the FDCRA to know your rights in debt collection.
Can a company legally assess a chargeback fee against a consumer?
If you're talking about a credit card charge you disputed with the credit card company and the credit card company determined the dispute in your favor generally no. The other question you have to ask yourself however is if you received a good or service in exchange for what you charged to your card? Just because the credit card company determined the dispute in your favor and charged back the company, they don't lose the right to sue you or send you to a collection agency for a good or service you received. If the company sues you in court, they may be awarded the chargeback fee in addition to the amount owed in order to cover all damages that you caused them.
If the collection agency amount is more than the creditor amount which amount do you legally have to pay?
A collection agency legally require the amount of the debt, plus any other charges/penalties incurred in the collection of the debt.
