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If something stays on your credit for 7 years from the 'last activity ' does this mean the last payment you made or the last collection attempt?
Wiki User
∙ 8y ago
It means the first day the account became delinquent. Say your payment was due Jan 1, 1997 and your contract stated the account would be delinquent if payment was not received by Jan 15, 1997 and you made no payments on the account after that date. The date of last activity should be reported as Jan 15, 1997. If it is not then dispute the account with the CRA's.
Wiki User
∙ 8y ago
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What is the mininmum payment for collections?
There is no "minimum payment" really. Any payment you send will be applied to your balance, however, most collection agencies will only agree to a payment arrangement if it meets their schedule to be paid within a certain time frame. If you are paying less collection activity would continue on your account.
Does the date of last activity on a credit card debt collection mean the last time the card was used or the last payment that was made on the account?
Which ever is the most recent would be the date of last activity.
Whats the definition of noneconomic activity?
Any activity that does not result in a factor payment. Basically, if you do something but don't get paid for it(house wife) then its non-economic.
You got something from a store over 7 years ago made a couple of payments now some company is chasing you ive not responded to their letterscan they still get payment?
Yes, they are entitled to the payment plus any interest that has accumulated over the years. The last activity date is if you made a payment or even had a discussion with the collection company. It will drop off your credit 7 years from that date. The only way to know the activity date is to get a copy of your credit report. It is free from Equifax.
How long can debt collectors collect in Pennsylvania?
There is no limitation on how long a bill collector has to attempt to collect a debt. The statute of limitations on taking legal action is another matter. Even if your bill is old, and no longer shows on your credit report, a bill collector can still attempt to collect it from you. If it's over the statute of limitations, they would not be able to collect in court, but they are not prohibited from contacting you for payment. Refer to the Fair Debt Collection Practices Act (FDCPA) for more information on the Federal law governing collection activity.
Why there is delayed payment of workers?
no collection from contractor
Can you make payment to a collection agency?
Yes.
Can a collection agency refuse to accept a check or money order for payment?
Generally any payment you send will be applied to your account. However if you are trying to send less than what you owe and marking it as "payment in full" or something similar it will more than likely be returned to you.
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.
How do you collect on a declined credit card when the customer refuses to return our collection phone call?
Collection agencies - to attempt to recover the money from the individual. the CA will want to see the documentation showing goods/services were received (receipt) and that payment was not (declined card documentation with persons name on it).
How do you pay a collection account?
Have the collection agency send a written agreement accepting the settlement or payment amount agreed upon BEFORE rendering any payment(s).
Is payment for taxes operating activity?
Yes
