Asked in Credit ReportsDebt CollectionDebt Consolidation
Obtain original debt information once in collections?
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Can a debt be erased if a phone company cannot find your information in their system and says the debt is in collections but collections say they sent it back to the original company?
Asked in Income Garnishment, Liens
Can a third party debt collector collect on a debt over 9 yrs old if 1 small payment was made?
What can debt collectors do to collect debt?
Asked in Child Support
Is there a time limit the child support agency can collect arrears in Florida?
There is no statute of limitations on child support arrears in Florida. The debt will continue to grow. For further information regarding collections see related link. There is no statute of limitations on child support arrears in Florida. The debt will continue to grow. For further information regarding collections see related link. There is no statute of limitations on child support arrears in Florida. The debt will continue to grow. For further information regarding collections see related link. There is no statute of limitations on child support arrears in Florida. The debt will continue to grow. For further information regarding collections see related link.
Asked in Debt Collection
Can a company that has placed you into collections call and remove the amount from collections?
Asked in Credit Reports, Debt Collection, Credit
How do you you get collections off your report that are not yours?
Can a debt collector inquire in your credit history in wv?
Yes, and they very often do. It is a common practice for creditors and larger collections agencies to obtain credit reports in an attempt to recover a debt. Credit reports provide a tremendous amount of information. This information can be obtained through countless other means, but the CR puts it all right there at their finger tips.
Asked in Landlord-Tenant Issues
How do you pursue a tenant when they owe back rent in Florida?
Do you have to pay a debt without verification?
Depends on who your asking. The first-party, or original creditor, is not require to provide you with any validity notice and is generally not required to have to "prove" the debt to you, that in the end is what the civil legal system is for. However, if a debt collector attempts to collect a debt they are required by law to provide you with a notice on their first letter giving you the right to dispute the debt and to request it to be verified. However, if you do not request this within that first 30-days they can keep trying to collect and do not have to accept your request afterwords. Now if you properly requested then to verify the debt, they are required to stop all collections actions, verify the debt, and provide you with a notice telling you the original credits name, date of origination, and amount. Generally debtors try to use the verification process to provide a list of proof like a copy of a signed agreement, which the collections agency is not required to obtain or send back.
Asked in Credit and Debit Cards, Debt Collection
What is difference between a charged off debt and written off debt?
Asked in Debt Collection
Do debt collectors have the right to request employer information?
Asked in Debt and Bankruptcy
What was the Fair Debt Collection Act?
It protects the person who owes the debt from harrassing and dunning contacts from creditors. The Federal Debt Collections Practices Act (FDCPA) governs the debt collection practices for personal / individual debt. The FDCPA sets forth a myriad of restrictions regarding the practices Debt Collections may use in their efforts
Can you be a collections agent if you are in collections?
Yes. Companies that you apply to for a collections position that are managing a debt you owe will sometimes refuse your employment as a 'conflict of interest'. Still others may obligate you to repay the debt to eliminate the conflict. Some may even hire you based on a payroll deduction payment plan if unable to resolve the debt immediately. Agencies that are not managing a debt you owe will never know you are in collections unless you tell them and would care less even if they did know.
Asked in Personal Finance
Where can one obtain information on debt consolidation secured loans?
Asked in Debt Consolidation
Where can one find more information about debt consolidation loans in the UK?
Asked in Debt Collection, Accounts Receivable
What percent of collections does a collections agency get?
Asked in United Kingdom
Which debt agencies in the UK have the best recommendations?
Asked in Credit and Debit Cards, Credit Reports, Credit
Can the same debt be on your credit report multiple times due to collections?
How do you find out the original date that a debt was turned over to collections since often it is the sell date that shows on your report?
THE ORIGINAL DATE SHOULD APPEAR ON THE BOTTOM OF THIS TRADELINE (IN OTHERS WORDS DEBT) IN WHICH IT WAS TURNED OVER TO A COLLECTION AGENCIE. THE MOST IMPORTANT THING THAT YOU SHOULD BE WATCHING OUT FOR IS IF THIS DEBT HAS BEEN SOLD TO ANOTHER COLLECTION AGENCY, AND WHEN WAS IT SOLD! IF IT IS A COLLECTION ACCOUNT THAT IS REPORTING FOR THE YEAR OF "2006" THEN THIS DEBT NEEDS TO BE PAYED (ONLY IF YOU ARE INTERESTED IN PURCHASING A HOME.
What happens if you don't pay credit cards?
Interest continues to accrue. Eventually the account will go into default. The collections department of the credit card company will attempt to collect the debt. The default and payment history will appear on your credit reports. Finally, if no recovery is accomplished, the account may be referred to a collections agency who will recover the debt voluntarily, or refer it for legal action and the creditor will try to obtain a judgement. If a judgment is obtained, the creditor will recover the debt by attaching your assets.
Asked in Credit and Debit Cards, Credit
What can happen if you do not pay off credit cards?
The original creditor will either attempt to collect the debt using their own collections department or refer the account to an outside collection agency. Generally after 180 days of default the original creditor will "charge off" off the debt, this does not make the debt invalid or uncollectible. Some original creditors will sell the debt to a third party collection agency, some will have their legal counsel initiate a lawsuit to recover monies owed, some will cancel the debt. A third party collector also has the option of pursuing a lawsuit against the debtor as well as using regular collection procedures. In addition the default will be entered on the debtor's credit report and will remain for seven years, thereby doing serious damage to the consumer's ability to obtain future credit.