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The answer to your question is NO, a collection company absolutly can not touch your assets, income, or bank accounts without a court order. Even for them to attain that, they would have to take you to court and litagate, and even this scenario is unlikely (although still possible).

There is a terrific web site that you may visit that provides a terrific explaination of collection company tactics and policies. Visit Credit Problems.

:o)

THEY CAN NOT TOUCH YOUR ASSETS, INCOME ETC, BUT THEY CAN TAKE YOU TO COURT AND PLACE A JUDGEMENT AGAINST YOU BUT IF YOU ARE STILL UNEMPLOYED YOU HAVE NO INCOME ANY WAY SO THEN YOU WOULD BECOME JUDGEMENT PROOF UNTIL YOU FIND EMPLOYMENT. ONLY AFTER JUDGEMENT IS IN PLACE CAN THEY SEEK A GARNISHMENT IF YOU STILL FAIL TO PAY THE AMOUNT AGREED UPON IN COURT.

JUST WENT THRU IT SO IT IS FIRST HAND KNOWLEDGE!!!

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Q: What can a collection agency do to collect a 2000 dollar debt?
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If you paid a collection agency in 2004 for a hospital bill you never received in 2000 in Florida and the hospital has resold the same debt to another collection agency in 2007 what can you do?

You get a letter from the paid collection agency and send it as proof of payment to the new agency. In the mean time, you call the new agency and dispute the claim of debt. If they receive the letter and still harrass you, then you have the right to sue and turn their neames over to the BBB. This is only if you paid in full. If you settled, then the next agency can try to get the unpaid amount. Remember, there is a 4 year period on medical bills. After that, they can't collect, unless the hospital revitalized your account.


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