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How do you dispute a charge from a collection agency for items that were sent to you that you did not order and have been returned to the company?
Disputing information on your credit report... This method is for direct correspondence with the credit bureau. If you find anything inaccurate, incomplete, incorrect, or obsolete, you have the right to dispute that item on your credit report. The credit bureau then has a reasonable time to contact the creditor and have them verify the disputed item. A reasonable amount of time under the Federal Law has been construed to be 20 working days. However, you need to understand that with this type of transaction, it could take from four to eight weeks to receive your reply back. Technically, if the credit bureau does not respond back within 30 days, the incorrect or inaccurate item must be removed. If, after the credit bureau investigates the item and the information is found to be inaccurate or no longer can be verified, the credit bureau must delete the item in question. It should be noted that when a negative item is more than two or three years old, many creditors will not respond to the credit bureau because of lack of records. Therefore, by law, the bureau should remove the item from your report. Since most creditors do not have the space to retain records for a long period of time, there may not be any documentation about your payment history. Understand also that the creditor does not have to provide documentation to the bureau of the disputed item. They simply check various boxes on the statement as to whether you were late, paid on time, etc. This is part of the dispute process I hope that it helps you.
What else can I help you with?
If a company is no longer operating what will happen if you dispute a charge off that is with a collection agency?
Whether the company is opertaing or not, does not make any difference. Proof of your account is still there.
If you dispute a debt from a collection agency and send it with delivery confirmation does the 30 days start from the date they received the letter?
yes. It begins when the letter is signed for. This is why it is very important to always send a letter of dispute via registered mail. The 30 days has nothing to do with the collection agency and it's requirement to prove the validity of a debt. The 30 days applies to the consumers right to dispute a debt after receiving written notification of the debt. There is no time constraint on the collection agency to get the proof to the consumer. However, they must stop all collection activities until they do provide the proof.
You gave a company your credit card as proof of id and they took money without permission?
My guess is that company was a collection agency? Never give anyone your bank info, or credit card info. If the company was a legitimate company you were doing business with and you did not authorize payment dispute the charge with your credit card company.
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.
If Company A sends your acct to a collection agency but you decide to pay off Company A do you still owe the collection agency money?
Nope. Advise the collection agencey that this was settled with the original creditor. You may have to provide them with a copy of a canceled check or money order. You can also have the creditor call the agency. Some will, some won't.
How do you find out from a collection agency who sent you to them for collection when you never was notified that you were in collection you discovered it on your credit report?
File a dispute with the credit reporting agency.
If a company is no longer operating what will happen if you dispute a charge off that is with a collection agency?
Whether the company is opertaing or not, does not make any difference. Proof of your account is still there.
If you owe a company money and it is placed in collections can you pay the original company or do u have to pay the collection agencies?
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
Can you have a debt removed from a collection company if it is due to an error on the original creditor's part such as not updating your address correctly you never received a bill?
I am in the middle of a dispute at this time over the same question. I did not know that our insurance company had not paid a service provider 100% of the charge. Two years later I receive a notice from a collection agency. The collection agency stated the company mailed 11 statements and after the last statement was returned and another 7 months they turned it over to a collection agency. All they had to do was call the insurance company they had received payment from to verify our address or the referring physician. Now because of their handling, the appeal period for the insurance claim has passed and my credit is being adversely effected. If a bureau is supposed to be an accurate presentation of a consumer's payment history, this should not be included..not to mention the rudeness of the collection agency in their communication. I have contacted the Attorney General's office of our state...they keep referring me to a private attorney. My next step is a formal complaint to the FTC.
If you dispute a debt from a collection agency and send it with delivery confirmation does the 30 days start from the date they received the letter?
yes. It begins when the letter is signed for. This is why it is very important to always send a letter of dispute via registered mail. The 30 days has nothing to do with the collection agency and it's requirement to prove the validity of a debt. The 30 days applies to the consumers right to dispute a debt after receiving written notification of the debt. There is no time constraint on the collection agency to get the proof to the consumer. However, they must stop all collection activities until they do provide the proof.
You gave a company your credit card as proof of id and they took money without permission?
My guess is that company was a collection agency? Never give anyone your bank info, or credit card info. If the company was a legitimate company you were doing business with and you did not authorize payment dispute the charge with your credit card company.
How can I remove a collection agency from my credit report?
To remove a collection agency from your credit report, you can dispute the debt with the credit bureaus if you believe it is inaccurate or outdated. You can also negotiate with the collection agency to pay off the debt in exchange for them removing it from your report. It's important to keep documentation of any agreements made.
Can a company that has placed you into collections call and remove the amount from collections?
Depends. If the debt (usually credit card) was sold then no. The original creditor will then have nothing to do with having the debt returned. Non-purchased debts can be returned to the creditor depending on the contract they have with the collection agency.
Find out if a collection agency is legitimate?
I recieved a call from a collection agency but not able to find any info on the company. How do I know its legit? Company is Action Collects. Company was very rude with a customer that is willing to pay balance in full.
How can you mend your credit after a paid collection?
Only the credit bureaus the collection agency can remove a collection from your credit report. The collection agency won't do it now since it is paid and they have no reason to. You can dispute it to the credit bureaus and ask for verification on the account. They will have 30 days to verify the items or it must be removed from your credit report.
Can collection agencies take your welfare check?
no , there is no way a collection agency can take welfare funds.should it happen ,send a copy of your benefits statement showing proof that it is welfare. the agency will then send a reversal and monies will be returned ..
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.
