Depends on the debt and state. Check http://www.fair-debt-collection.com/SOL-by-State.html#36 for answers.
One of the best agencies to contact for debt collection jobs are StudentAid and Kiplinger. Both agencies offer a great amount of help regarding debt collection jobs.
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Debt Collection Agencies can collect abroad but the agencies that collect abroad are usually commercial collection agencies that deal business to business
The statue of limitations for collecting a debt varies from state to state, but it usually corresponds with the credit reporting rules which is 7 to 10 years. Collection agencies find ways around this though by reselling the account to other collection agencies, thus reaging it and starting the SOL over.
The statute of limitations applies to the length of time derogatory information, (late payments, legal actions and collection accounts) can appear on your credit report. There is a separate statute of limitations regarding the length of time you can be sued over a debt. This is established by state, rather than federal, law and varies by state. Even if you wait until a collection account falls off of your credit report; you still owe the debt. Collectors can, and will, continue to try to collect it until you pay it.
Collection agencies have a couple of ways to get your address. They can either get your original address from the original creditor or by skip tracing.
Alternative Legal Services and Judgement Recovery, American Bonded collection, Armada Collection, and Audit Adjustement Company Inc. are some collection agencies.
Collection agencies can file for summary judgments in the county court of jurisdiction and in some cases go to trial.
Some of the well known collection agencies in Ontario are PSI collection agency, Credit Bureau Collections, and Canadian Express Collection Agency. There are more, but these are the most common.
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A few debt collection agencies to check out are: Credit Bureau Collections Ltd, Collection Systems Canada Corp, Direct Collect, Global Collection Consultants and National Credit Recovery Inc.
There are several collection agencies in the world. Some examples include: Americanprofit, Avonmere, Capquest, Direct Recovery, Equifaxs and Olddebts.
An approach to find Collection Agencies in the city of New York, is find them through Collection Industry Member list. Like; CLLA, ACA International, etc.
The law preventing collection agencies from collecting post dated checks is the Fair Debt Collection Practices Act. You can learn more about this at the Wikipedia.
Collection Agencies in the US are regulated by the FTC, but also may comply to California Fair Debt Collection Practices Act if dealing with credit then also may comply to California Consumer Credit Reporting Agencies Act.For Debt Collection Statute of LimitationsCalifornia Collection Laws Interest Rate Legal: 10% Judgment: 10% (Unless otherwise contracted)California Collection Laws Statute Of Limitations (Years)Open account: Reduced to writing-4 Open account: No writing-2Written Contract: 4Domestic Judgment: 10 (renewable at 10)Foreign Judgment: 10 (commencing with judgment debtor's commencement of CA. residence.)California Collection Laws Bad Check Laws (NSF) (Civil Penalty)Amount due, treble damages - minimum $100 maximum $1500 per check.California Collection Laws General Garnishment Exemptions See federal law. Exemptions for necessities of life.
Yes.Collection agencies can add "administrative fees" and late-payment charges. It all depends on the agency of course...
Collection agencies can not freeze anything. Only courts can freeze bank accounts.
No, collection agencies do not have any right to freeze your savings account. Only banks have the right to freeze your account but depends on the nature of the default.