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If you have several accounts in collections but you do not know who these collectors are how can you contact them so that you can pay off the debts?
Wiki User
∙ 8y ago
Paying off the debts will hurt your credit score. I would first send them a letter requesting debt validation and dispute the account with the credit bureaus. If they don't respond to the first request in 30 days send a second validation request. Start racking up the violations and threaten to file a complaint with the FTC, BBB, and their state's Attorney General. This should help. Also, before you start check our your state's statute of limitations on collecting debt. If they are within the statute, proceed carefully. If not, start the debt validation process. Send everything to the collection agency via certified mail with a return receipt. Most importantly, before you start opt-out of each credit bureau and get all of your previous addresses removed. This will make it hard for them to to tie the tradelines back to addresses.
Wiki User
∙ 8y ago
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What are the best methods in dealing with debt collectors?
There are several approved methods for dealing with debt collectors. One method is to set up a payment schedule with the collections agency. Another is to hang up and change your name and phone number.
How long does it take for the credit score to go up once collections have been paid?
Accounts stay on your credit report for seven years, so any bad accounts will continue to appear even after they've been paid. It will take several years for your score to rise substantially.
What if you don't ever pay a collections agency?
You may or may not be sued. A collector has a specific time set by the laws of the state where the debtor resides; to refer the account to a collections attorney who can file a lawsuit. When a creditor wins a suit they can obtain a writ of judgment which can be executed in several ways. Garnishment of wages, levy of bank accounts, seizure and liquidaton of any nonexempt property.
How can one compare current accounts in the market?
There are several ways that one can compare current accounts in the market. One can contact a trusted financial advisor at their local financial institution, or compare online using websites such as Money Supermarket and Money Saving Expert.
Where can one read about car collectors?
There are several on-line sites where one can read about car collectors. For example Forbes and Wikipedia both have listings of some well known car collectors.
What types of accounts are offered at Alliance and Leceister?
There are several types of accounts offered at Alliance and Leicester. Some of these include personal banking accounts, investments accounts, and credit card accounts.
Are old medical bills sent to collections worth paying?
It depends on your situation. It is always a good thing to always pay your bills. After all, these providers rendered services contingent upon them receiving payment from you. You do not need this lingering over your head. If the bills are sent to collections, it can follow you for several years. Debt collectors purchase accounts in bulk and to receive revenue if a payment has not been made, the account is sold and a new debt collector buys your account and it hits to your credit again as if the lates were current. It will affect your credit score and hinder you from purchasing real estate, motor vehicles, etc. The best thing is to call the debt collector and settle the account for less than what is owed.
General ledger account?
There are several different accounts that are used in the general ledger. Some of these accounts include cash, accounts receivable, inventory, notes payable, accounts payable, and customer deposits.
Which online stores have big collections of Canadian coins?
Some stores would include CoinsAndCanada, which describes itself as "the complete source on Canadian coins" and sells coins of varying denominations as old as 1858. The Calgary Coin Gallery also offers a variety of coins. The Canada Post does offer several coins for collectors as well.
I need to upgrade the collections software for my Hawaii-based bounty hunting business. Which one should I use?
There are several good ones you can use, but I'd go to collect.org and check out what collections software they have. IBS makes the best collections software you can buy. Definitely go with that one.
What recourse do you have if a collections agent reported 2 items that are inaccurate a month before your Chapter 7 was discharged?
Contact an attorney. You may have several issues including the fact that they "lied" on a credit report and a possible contempt issue for taking action while the automatic stay was in effect.
Does the maxim gun still exist?
There are several surviving examples, typically in museums or in the hands of licenced collectors.
