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At the point when an obligation is offered to an assortment organization, you at that point owe the cash to them all things being equal, which means you actually need to pay what you owe. It's an obligation assortment organization's obligation to offer you extra help, if fundamental, to help you take care of the equilibrium owed easily.
staffingdebtcom
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∙ 9y agoIf a debt collection gets sold the new company can start trying to get the money. If you do not admit to the debt, they can not restart the debt all over.
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What is the statute of limitations for debt collection in Michigan?
There is no statute of limitations for debt collection in Michigan. You can continue to collect as long as the debt is owed. The debt can be sold as well.
In Arkansas can a collection agency sue you if the original creditor accepts payment on the debt?
If the debt was sold to a collection agency and the original creditor accepted payment AFTER the debt was sold, the money does not belong to them. If, however, you paid the debt and it was mistakingly sol after that payment, the collection agency can't try to collect. If you have proof of payment, forward it to the collection agency and deman in writing that they cease trying to collect this debt.
Debt collection in the UK for Dubai bank is this possible after nine years?
In short YES, I am a debt lawyer here in the UK and it will be possible to prove you owe the debt and it can be sold on to a UK debt collection agency.
What is does it mean for an original creditor to recall their collection?
Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.
Can you still talk to the credit card company directly for paying off an unpaid debt or do you have to talk to the debt collection company?
Once the debt. has been charged off and sold to a outside collection source you must talk to them.
Can a credit card debt that was charged off and sold to a collection agency be reported on your credit report?
Yes.
Can you be sued by the original creditor if they have already sold your case to a collection agency?
If they've sold your case to a collection agency, they have been "paid" for your debt with the money the collection agency gave them for your case, so, no, they can't legally sue you - as far as I know.
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.
Can you pay an original creditor after the debt is sold to a collector?
No, the collection agency is now the rightful owner of the debt in question and the original creditor has removed the account from their books.
Can a collection agency collect on an unpaid medical bill even after the hospital closed down?
Yes, the debt is a legal "thing" and can be sold on to other organizations for collection.
Once a debt is given to a collection agency can you get the creditor to take it out of the creditor's hands?
Once a debt is handed over to a collection agency, it's typically out of the original creditor's hands. However, it may be possible to negotiate with the creditor to recall the debt from the collection agency, but this process can be challenging and may require convincing the creditor of your ability to repay the debt directly. It's advisable to communicate directly with both the creditor and the collection agency to explore your options and find a resolution.
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.
