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If you pay off a delinquent credit account to one agency but another agency also buys the account while you are still paying the first agency do you have to pay both agencies now?
Wiki User
∙ 13y ago
Usually when one agency buys out another, they also buy all assets and assume all liabilities (debts). If your account was paid in full at the time of the buy out, then you owe nothing more. If it wasn't, then you would owe only the balance to the second company.
Wiki User
∙ 13y ago
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Once the delinquent account has been turned over to a collection agency the physicians office should do what?
Once a delinquent account has been turned over to a collection agency, the physician's office should stop billing.
Can a collection agency send your account to an attorney for a lawsuit if it is has been delinquent for less than six months?
Yes.
My credit report shows a delinquent account from 2005 a collection agency is listing it now reported as of 6 2009 is that legal?
No it is called re-aging which is federal violation, collection agencies do this to refresh the SOL so they have legal recourse to sue you for the debt.
Can my account be sold to another collection agency?
Yes.
What are some of the more well known recruiting agencies?
There are many recruiting agencies and they can be found by using a phone book or the internet. One agency that is well known is the Kelly Agency. Another well know agency is Wall Street Services.
Can collection agencies sell your account to another collection agency?
yes and do all the time and the old agentcy will still show on credit report It can be bought and sold as many times as the agencys want to move it around
Should you use agency's or agencies?
Agency's and Agencies are NOT the same thing. Agency's is a possesive noun. It means "an agency is" or something belongs to (an) agency (The agency's client/s). Plural is "many Agencies' clients". The noun, Agencies is the correct plural of Agency.
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).
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.
If you settled a charged off account with a collections agency for less than the full amount can they resell the difference to another agency?
Yes unfortunately they can. Companies today want the charged off account money and will sell it to another agency in order to get this. It will show up on your credit report under another company...so you have 2 listings on your credit report for the original account.
What is a agencies?
an agency that reliefs
Agencies of government?
Most governments have an Executive agency, a Health agency, an Education agency, and a Military agency; various governments have many other agencies depending on the type of government.
