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Who do i have to contact if i have to accounts in collection i was not aware of?
Wiki User
∙ 9y ago
If you have accounts in collection that you were not aware of, you need to contact the collection company. You can also contact the credit bureaus for more information.
Wiki User
∙ 9y ago
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What are derogatory accounts?
Accounts that are past due or collection agency accounts.
In order to pay off your collection accounts who do you contact?
Whomever is sending you the bills ... if the collection agency is sending notices, then contact them. You can also contact a debt counseling agency who will offer (for a fee) to intercede on your behalf and possibly get a lower percentage rate and a lower monthly payment. You then pay them the monthly amount due, then they distribute the funds to where they need to go.
What will acceleration in the collection of receivables tend to cause the accounts receivable turnover to do?
Acceleration in the collection of receivables will tend to cause the accounts receivable turnover to increase. Many companies use collection agencies to help them with this process.
How do collection accounts affect your credit score?
== == Collection account are 20% of the total credit score module.
Can a creditor or debt collection agency access your business bank accounts for debt collection?
With a judgment and execution, the sheriff can. Without it no. But the collection agency can never legally access it. However, there are ways to do it illegally. Can the creditor do it... ? If you have a citizens acct and a debt with them, then yes, they can legally access whatever accounts you have with them. But a creditor can't just get access to you bank accounts. (I own a collection agency)
What are derogatory accounts?
Accounts that are past due or collection agency accounts.
In order to pay off your collection accounts who do you contact?
Whomever is sending you the bills ... if the collection agency is sending notices, then contact them. You can also contact a debt counseling agency who will offer (for a fee) to intercede on your behalf and possibly get a lower percentage rate and a lower monthly payment. You then pay them the monthly amount due, then they distribute the funds to where they need to go.
How do you find out which collection agencies you owe?
You can get free copies of your credit reports once a year and check them to see what accounts have been placed with collection agencies. You can contact those creditors for the agency information. The debtor need not be concerned about such matters as it is a certainty that the collector/creditor will be in contact with them in one manner or another.
What will acceleration in the collection of receivables tend to cause the accounts receivable turnover to do?
Acceleration in the collection of receivables will tend to cause the accounts receivable turnover to increase. Many companies use collection agencies to help them with this process.
Can collection agencies freeze bank accounts containing social security and retirement funds?
Collection agencies can not freeze anything. Only courts can freeze bank accounts.
How do collection accounts affect your credit score?
== == Collection account are 20% of the total credit score module.
Can a creditor or debt collection agency access your business bank accounts for debt collection?
With a judgment and execution, the sheriff can. Without it no. But the collection agency can never legally access it. However, there are ways to do it illegally. Can the creditor do it... ? If you have a citizens acct and a debt with them, then yes, they can legally access whatever accounts you have with them. But a creditor can't just get access to you bank accounts. (I own a collection agency)
Where do you pay collection accounts that are reported on your credit report when the company is out of business or no longer handles the account that was reported for collection?
You pay the collection agency.
Why original creditors sale accounts to a collection agency?
Original creditors sale their accounts to collection agencies when the account has been past due and they have not effectively collected. At that time, the original creditor will charge off the balance from their accounts receivable and turn the account over to a collection agency. When the collection agency collects the debt, a portion of the amount received is paid the the collection agency and the remainder is returned to the original creditor as profit.
Do you have to pay collection accounts dropped off credit reports?
no you do not
What is an account ledger?
A book or other collection of financial accounts.
An acceleration in the collection of receivables will do what to the accounts receivable turnover?
increase
