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Your creditor made a mistake on your name can you tell the debt collector is not your account?
Wiki User
∙ 12y ago
i was sued by citi bank and the wanted me to agree on a judgment so that i can continue making payment.
Wiki User
∙ 12y ago
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Why can't you get a detail Billing statement from a collection agency?
You can, but not directly from them. The debt collector is the agent of the original creditor and does not likely have all records of the debt or contract. The collector, as the agent of the creditor can go back to the creditor and request a reconciliation of payments and history, and will in fact be required to so that it van be verified if you notify the collector in writing that the debt is invalid due to payment or some other reason.
In Colorado who can levy bank account?
In Colorado it is possible for a debt collector to levy a bank account. It is necessary for the approval from a court in order for a debt collector to place a levy on the bank account.
How long can a creditor attempt to collect on an account?
As long as they feel its worth it, i have come accross a collector from 6 years ago that i forgot about - they rarely forget. There are not time limits for when a creditor or collector can pursue debt collection procedures. In the U.S. all states have SOL's pertaining to how long a creditor has to file a lawsuit against the debtor to obtain a writ o judgment.
Debt created by a business when it makes a purchase on account is term as?
Creditor
How to Settle Debts for Less Than What You Owe?
If you have an account with a creditor that is seriously delinquent, the creditor may agree to a debt settlement to pay off the account in full. You may approach the creditor with an offer yourself, or you may work with a professional debt settlement agency. Both methods have advantages and disadvantages that are worth researching ahead of time. If your creditor accepts the settlement, you only have to pay the agreed-upon percentage of the debt.
Can you pay an original creditor after the debt is sold to a collector?
No, the collection agency is now the rightful owner of the debt in question and the original creditor has removed the account from their books.
Who should the debtor pay when an account is sold by the original creditor to another lender or collector?
Yes, the debt still stands. It's how debt collectors stay in busniess. When the debt or account is sold, the debt isn't erased, merely transferred. In essence, the original lender has sold the whole contract. * The debtor makes any payment agreement with the collector not the original creditor.
Can Michigan pensions be garnished by a debt collector?
Not if it is creditor debt, such as credit cards.
Can you be sued by a debt collector that bought the debt from original creditor?
If you are in default on an account that a third party/person bought, yes indeed, the new owner can foreclose on you and sue.
Can a debt collector in the state of Michigan collect on a debt if they have already charged it off?
Yes, the term is used to indicate a debt being written off as uncollectible by the original creditor. The debt however remains valid and subject to collection by a collection agency working for the original creditor or a third party that buys the account.
How do you get a debt collector to stop calling?
"If a collector contacts you about a debt, you may want to talk to them at least once to see if you can resolve the matter - even if you don't think you owe the debt, can't repay it immediately, or think that the collector is contacting you by mistake. If you decide after contacting the debt collector that you don't want the collector to contact you again, tell the collector - in writing - to stop contacting you. Here's how to do that: Make a copy of your letter. Send the original by certified mail, and pay for a "return receipt" so you'll be able to document what the collector received. Once the collector receives your letter, they may not contact you again, with two exceptions: a collector can contact you to tell you there will be no further contact or to let you know that they or the creditor intend to take a specific action, like filing a lawsuit. Sending such a letter to a debt collector you owe money to does not get rid of the debt, but it should stop the contact. The creditor or the debt collector still can sue you to collect the debt. "
If neither the original creditor nor the debt collector has your Social Security number can the debt collector use some means find your number and attach it to the debt?
Yes. There are hundreds of databases available to a debt collector where they could find your SSN.
Why can't you get a detail Billing statement from a collection agency?
You can, but not directly from them. The debt collector is the agent of the original creditor and does not likely have all records of the debt or contract. The collector, as the agent of the creditor can go back to the creditor and request a reconciliation of payments and history, and will in fact be required to so that it van be verified if you notify the collector in writing that the debt is invalid due to payment or some other reason.
Can your checking account be frozen by a debt collector?
No!
If the collection account keeps being sold to another collector at what point does the statutes of limitation start?
An SOL for debt begins from the time the original creditor charges off the debt. It does not begin over when a debt is sold to a third party collector. It can restart if the debtor pays or in some cases agrees to pay any amount on the debt owed.
Do you have to send past tax refunds to settle with debt collector?
Debt collectors just want your money, they have no interest in your past tax returns. The question has been amended as it is believed what the questioner meant was tax refunds not returns. In answer to such, no regardless of what some debt collector/creditor might have inferred the receipient of a refund does not have to use it to pay creditor debt unless they so choose. However, once the funds have been deposited in an account a judgment creditor can execute a valid judgment as a bank levy against those funds.
Can a debt collector garnish wages if they are not the original creditor?
Yes. If they sue the debtor and win a judgment the creditor or collector can execute the judgment in accordance with the laws of the debtor's state. Texas, Pennsylvania, South Carolina and North Carolina are the only US states that do not allow wage garnishment for creditor debt.
