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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?
Wiki User
∙ 11y ago
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.
Wiki User
∙ 11y ago
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Can a collection agency freeze bank account in ca without you being notified?
Agency cant freeze your bank account at all, They can go to court asking to freeze your account, then a court order only can freeze you account, an account cant be freezed by any third party order.
Can you be arrested after being sued by a collection agency?
yes
Who sent you to the collection agency?
I presume your question is "how did your debt wind-up at a collection agency". There are 2 methods: (1) the original creditor sold your account to an agency for a price that is a fraction of the outstanding balance on the account (so the collection agency now is your creditor legally), (2) the original creditor contracted with a collection agency to get you to make more payment on the debt than you have while interacting with the original creditor only. In either case, a collection agency is a company that makes a profit by getting debtors to make a payment of sufficiently greater amount (than they had been making to the original creditor) such that a greater return can be realized from this continued effort to collect the debt, and collection agencies usually are profitable companies. In my personal opinion, the first method (# 1 above) is used in the vast majority of delinquent debt collection situations. Any creditor organization of at least medium business size has enough staff to attempt to coax the debtor to make more payment, so there would be no reason to contract a collection agency to try again. That latter point being understood, collection agencies sometimes resell a debt account to another collection agency when they give-up on trying to get more payment from the debtor (and the account has not been settled).
What property is exempt from being taken by a collection agency?
all of them
Can a creditor and the collection agency who purchases your account from the creditor both report the same debt in separate instances to a CRA?
Yes, they can and it's customary for them to. The original account should have all the history, including late payments you made and the status (collection or charge off), the DLA, and date the account was opened. It should not be showing a balance due once sold or assigned to a collection agency. It may have a statement about being sold or transferred, but not always. The CA account should have the date they received, or were assigned, the account and the current balance (often with interest added in). The DLA should not have changed.
Can a collection company freeze bank accounts that contain disability pension and social security checks in Pennsylvania?
A collection agency cannot seize a bank account period. ALL SS benefits are exempt from creditors. A collection agency cannot threaten to take your property nor do they have the power to do so. They can inform you that the account is being referred to a collection attorney who can pursue legal action. Be that as it may, your bank accounts are safe. You can inform the agency and the bank in no uncertain terms if they attempt such an action, you are prepared to sue for damages. The only way to stop collection bullies, is to play offense not defense.
What would happen if your bank reports you to the collection agency for being overdrawn by 2800 dollars for 45 days?
The collection agency will attempt to collect the debt through phone calls to you, letters requesting payment, and possibly seeking a judgment against you in court and garnishment of your wages if you are employed. The most serious consequence of overdrawing your checking account is they no doubt reported it to ChexSystems... an entry on ChexSystems will prevent you from being able to open a new bank account.
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.
Does a debt being turned over to a collection agency ruin your credit?
Yes.
How do you find out who to pay when something is charged off by a company?
Trust me, they will find you. "They" being whatever collection agency takes on the account. It may take a little time, but you will be notified, either by telephone, mail or both.
Is there a way to pay a collection agency a current bill without it being applied to a bill over 10 years old first?
Yes. Simply pay the bill using the current account number. If their is a previous account that is over 10 years old, they legally cannot take your money for the previous account!
If you don't receive a summons or any documentation regarding a pending lawsuit by a collection agency how do you know if it's really true?
If you are being sued, you will always receive a summons. Sometimes it is delivered by a process server sometimes by registered mail. A collection agency telling you, you are being sued, does not necessarily make it fact. Only attorneys can file suit and they have to adhere to the state laws where the person resides. A collection agency cannot sue you regardless of what they claim. Sorry, I should add you need to be aware of the difference in collection agency and collection attorney. For instance Mann-Bracken LLC, are collection attorneys and/or arbitrators. They can initiate a lawsuit.
