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All collector/collection agencies are required to adhere to Federal FDCPA regulations. States individually set up guidelines for governing such businesses and not all states require licensing.
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∙ 10y ago
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How can a business collect debt?
A business can collect debt by getting a collection agency to collect the debt. A business could also take it up in court or by putting a lien on the debtor's property.
What states can I speak to a spouse about a debt?
You can speak to anyone in any state about a debt. The only laws concern debt collections hired by companies to collect debts. There are specific laws about time of day, calling a persons employer, and number of calls.
What if a creditor is not on your credit report but trying to collect a debt?
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
Do you need to send right to cure on a unsecured loan?
Most states (all states?) require that if you are going to sue & get a judgement to collect on an unsecured debt, a right to cure letter must have been sent. Most finance companies ultimately want the ability to sue because even if they don't sue themselves, the right to sue to collect the debt gets them a higher price when they liquidate the loan by selling it to a collection agency. If a company chose not to send right to cure letters, they would have to ensure that none of their loans ever went to court to collect. Since they often can't control after the loan is sold, they send everyone a right to cure.
Can a creditor attempt to collect a debt after 7 years?
Yes they can, but more than likely depending on your states laws the debt is probably beyond SOL for legal recourse. I would check my states laws and see, if it is beyond SOL I would send them a Cease & Desist letter.
Can an insurance company keep you from renewing your license to collect a debt?
No. They have no such authority.
Do you need a licensen in wyoming to collect debt?
Yes you need a bond and a license
What license does a commercial collector need?
Every state does require a license to be a commercial debt collector.
Does a law firm have to obtain a license to be a debt collector and what agency gives them license?
In most jurisdictions, law firms may take steps to collect debts without any special license. They do have to abide by the debt collection laws for the jurisdiction.
Is there a time limit that a third party collector has to collect a debt?
There are not time limits in which the collection of a debt can be pursued. All states do have statutes of limitation which designate the time in which a creditor has to file a lawsuit to collect monies owed.
Can a debt collector call police to collect a debt?
No.
How can a business collect debt?
A business can collect debt by getting a collection agency to collect the debt. A business could also take it up in court or by putting a lien on the debtor's property.
What may debt collectors do?
can a debt collector come to your house to collect a debt
What is the statute of limitations for unpaid DUI fines in Oregon?
None. It's a debt to the court and there is no limit on the time they have to collect or how long they can hold you license suspended if it remains unpaid.
Can a collection Agency require collection on a 20 plus year old speeding ticket in Ohio?
Send the Collection Agency C&D letter letting them know that the debt they are trying to collect on is time barred by your states statutes and never contact you again.
What is a viable method use to collect outstanding debt?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
What states can I speak to a spouse about a debt?
You can speak to anyone in any state about a debt. The only laws concern debt collections hired by companies to collect debts. There are specific laws about time of day, calling a persons employer, and number of calls.
