They may be trying to initiate collections before the statute of limitations has run out. The answer depends on the details and the laws in your jurisdiction.
Debt collectors can negatively impact your credit score by reporting delinquent accounts to credit bureaus, which can lower your credit score.
By paying the total amount that has to be paid back from retailers to debt collectors.
Most Commercial Collectors, or business debt collectors operate in a fix rate or rate per amount collected. Fix rate depends on each collection agency, debt collection rates may vary also in the amount to be collected, number of accounts and the age of the accounts. Most commercial collectors do not charge any fee until they collect, or some others they do. Best practices are; shop around, look for collection agency prices, request quotes, etc.
Yes, I am aware of the Harris Debt Collectors scam, which involves fraudulent practices by Harris and Harris debt collectors.
Frequently they will be classed as professional fees similar to those for accounts and legal teams
Debt collectors can indeed take settlement money from someone if they owe debt. These collectors may take from what they need to.
Debt Advisor
Debt collectors can affect your credit score by reporting delinquent accounts to credit bureaus, which can lower your credit score. This negative information can stay on your credit report for up to seven years, making it harder to qualify for loans or credit cards in the future.
There are sites online that advertise their debt collection business. Some of these Debt Collectors are UK Debt Collection, Debt Recovery UK, Debt Collect and Debt Recovery Plus.
Debt Collectors - 2012 was released on: USA: 1 May 2012
can a debt collector come to your house to collect a debt
Debt Collectors - 2012 Debt Relief 1-2 was released on: USA: 1 June 2012