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What is the requirement of the company before they can send your obligation to a credit service company who attempts to collect the debt?
Wiki User
∙ 15y ago
The creditor has no obligation to inform the debtor that the debt is being sent to collections, although they generally will attempt to resolve the matter before taking such action. The exception is the repossession of vehicles which in a few US states require the lender to notify the borrower at least 10 days before taking any action.
Wiki User
∙ 15y ago
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