this is an amount determined by a judge
In most cases, a collection agency cannot take your personal possessions. Depending on the amount, they may be able to garnish your wages which is what would happen first.
No. Usually a bank will send your debt to a collection agency. Most collection agencies don't have the authority to garnish your tax refund.
Depending from state to state, most collection agencies cannot garnish your check unless you have signed for them to do so or they have a court order to do so. If you have signed I believe you can still rescind that agreement if you are current on payments. You can consult an attorney free of charge over the phone if necessary, find one in your area.
When a collection agency takes on a bad debt, in many cases they are "puchasing" the debt from the original creditor. When you then pay off the collection agency, your money will stay with that collection agency. This is the most common scenario, but some companies do have their own internal collection agencies (Capital One, for example, has their own collection subsidiary in Idaho - the Westmoreland Agency). Hope this helps!
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.
What may happen is the court will give the "Creditor" the ruling to Garnish Wages. Its a good idea to WRITE a letter to the creditor or Collection agency and see if you can reduce what you owe. You can negotiate a lower payment. Make sure you can afford that payment. What may happen is the court will give the "Creditor" the ruling to Garnish Wages. Its a good idea to WRITE a letter to the creditor or Collection agency and see if you can reduce what you owe. You can negotiate a lower payment. Make sure you can afford that payment.
Yes the IDES can and will garnish your income tax refund they did mine 2013 took 3,400.
Yes. A hospital may use an outside agency to collect its debts. Most patients give the hospital permission to share information with a collection agency when they sign the "boilerplate" admission forms.
It is in the best interest of the debtor to not allow access to his or her financial information and most particularly not to agree to an automatic withdrawal from a bank account by a collection agency. The safest method is to pay other means, such as a USP money order with return receipt.
Most hospitals farm out collection accounts after 90 days of nonpayment to outside collection agencies.
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.
Paying the collection agency will clear up your account much quicker and some creditors will return the payment to you if you send it directly to them. Most creditors sign a contract with a collection agency and cannot discuss the debt with the debtor once they place it with the agency, they must refer all correspondence, communications and payments to the agency for the life of that contract.