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What can you do if you have a closed electric account with a balance and you have made monthly payments but it has been sent to a new collection agency and they are requiring larger payments?
Wiki User
∙ 17y ago
And the question is what? You created the large bill, you need to be responsible enough to pay it off. You can't expect to pay a dollar a month and think that they'll be happy about it.
Wiki User
∙ 17y ago
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What is a Derogatory public record or collection?
== == A Deragatory record is an account that has had a history of late payments. A collection account is an account that was not paid on time or at all, and was closed by the creditor and sold to a collection agency.
What are the parts of balance of payments?
Balance of payments is a collection of accounts conventionally grouped into three main categories, with subdivisions in each. The three main categories are: 1) Current Account 2) Capital Account and 3) Reserve Account
Can medical bills effect your credit while making payments on them?
Yes, this is only reported on your credit report if it is a collection account.
Do you pay an electric bill online through the electric company or through your bank account?
You can pay an electric bill online through the electric company or through your bank depending on the electric company and if they allow online payments through their website. You can also set up an online payment through your own bank account as well.
Is it legal for a creditor or debt collection agency to access a bank account for debt collection?
To access to bank account as such, no. But if the debtor agrees to have ACH for payments, then the creditor or collection agencies can withdraw funds, or depending on the state laws a Judge can authorize to garnish wages from the bank. Find laws that apply to the debt in the resources box
What happens in Florida if you quit making credit card payments?
after 180 days of non payment your account will be charged off and turned over to collection agency
What is an open collection account?
A collection account that has not been paid off.
If a collection account was sold to another collection agency is it correct that they should both show up on your credit report as late payments?
When a collection agency sells your debt they no longer have any claim to your debt. It's like selling a car, once it is gone it is gone.
Can unpaid co-payments for Hospital bills hurt your credit report?
Yep! If the ambulance company turns your account over to a collection agency that agency might report the collection on your credit. Medical collections are the most common type of collection on a credit report.
What does adverse accounts mean?
An Adverse account means a delinquent account. An account that has not received on time monthly payments, or payments at all.
What does it mean if the original creditor recalls your account from the debt collection agency?
Same thing happened to me..... what does this mean? I have not heard anything back from original creditor and was making timely montly payments to collection agency... I am confused and a little scared
What is bank check book?
A check/cheque book is a collection of cheque's. These cheques can be used to make payments to anyone. They are as good as cash (Provided there is cash in the cheque drawers account)
