0
If you have been paying on a hospital debt from 2002 how long can a collection agency collect on the debt?
Wiki User
∙ 10y ago
All debt has a statue of limitations. However that Statue of Limitations varies by locality. In most areas that Statue of Limitations is renewed whenever you make a payment. In your example the statue of Limitations is 4 years but you have been paying since 2002 and presumably have made a payment recently. In that case those 4 years begin at the time that you stop making a payment.
The short answer is that in most areas the debt is owing till its paid. If if the account is beyond the Statue of Limitations it simply means the agency can't force you to pay through court order. However, they can still request payment.
California is the notable exception but you need to research your own local laws.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Can a hospital turn you over to a collection agency after a year even if you have been paying on it and not missing any payments?
yes
If vehicle was repossessed in 2004 but ex spouse stopped paying consistently in 1999 What date must the collection agency report to the credit bureau?
The collection agency typically does not report to the credit bureaus, the original lender does. Lenders report to the bureaus, collection agencies collect on delinquent debt.
Can a collection agency Garnish if paying not full amount?
no
What if a collection agency is trying to collect a debt that is in dispute?
Paying a collection agency may not be the best way to repair your credit or protect your privacy. There are situation that you may find your self in and have to pay a collection agency to to accomplish a short term goal such as buying or refinancing a home. If you are just in general collection agency hell then paying may do you more harm than good. While I would NEVER PAY A COLLECTION AGENCY. How you wish to handle your individual situation is a personal choice. If you do need to pay them off make sure you do it in a way to not cost you future heart ache and pain...
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
What if a collection agency attempts to collect on a home equity loan?
This is a very bad signYou either:Have not been paying and they can Foreclose on your houseThey are trying to scam you and this means that your personal loan info is out there.
Is a collection agency obligated to remove debt from your credit report?
No! The only obligation of the collection agency regarding a debt is to accurately report the debt...i.e. balance outstanding, current status, and payment history. However, if you are paying or contemplating paying a collection agency, it would be wise to negotiate a positive outcome...i.e. the total removal of the account from your credit profile in exchange for payment. This should be negotiated prior to paying the collection agency and the agreement should be in writing.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
I live in CA and Im trying to make payment arrangements with a hospital. They want me to pay 450.00 up front or they will send me to collections. If I only have 100.00 to give them can they do that?
They can. But, you owe the hospital not the collections agency. If you pay $100.00 per month to the accounting department of the hospital, they arenot likely to refuse your payment, and will apply it toward your bill. If you continue to pay the hospital and refuse to discuss anything with the collection agency when they begin to call you, your bill is likely going to be paid in full by the time the collection agency can do anything but send you letters and call. Be careful and do not pay with a personal check. Pay by postal money order only. Paying by personal check gives your banking information to the hospital who in turn can pass this on to the collection agency. In the event they eventually obtain a judgment against you, the collection agency will already have the information they need to garnish your assets.
Do you still need to pay a company if you are paying a collection agency for the charged off debt?
No, as they are the legal agent of the original Creditor and the arrangements made with the collection agency are binding on the original Creditor.
How do you satisfy an unsatisfied judgment after another collection agency bought the account from the first collection agency that originated the judgment?
you "satisfy" a judgment by paying balance in full or settlement. but understand that once a judgment has been issued by a court then there can be no one else that does this.
What happens if you lose your job and cannot pay your credit card debt?
It may sound ridiculous, but unfortunately loss of income is not a valid defense for not paying ones debts. The creditor will attempt to collect the debt for a certain amount of time and then may sell the debt to a collection agency which will continue the action. Both the original creditor or the collection agency have the right to pursue legal action in the form of civil suit if they believe it to be warranted.
