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Here is some topics of what collection agencies can and cant do
Collection Agencies can do:
- Inform the debtor the amount of the debt that was reported by the creditor
- Creditor's Name, a good collection agency will contact you in representation of their client.
- If you don't dispute the debt, after 30 days, the debt will be assumed valid to the collection agency
- Disputing the debt to the debt collector (in the first 30-days) in full or partial, the collection agency will verify with the consumer
- A collection agency will provide name and address from the creditor to you after you dispute the debt in the period of 30 days
What Certified Collection Agencies don't do:
- Contact someone that doesn't own the debt like; relative, employer, neighbor, in some cases co-signers may be contacted by the collection agency
- Threat Calls, harassment calls, threatening to harm your credit, garnishment or repossession or threatening the debtor with an arrest.
- Calls can be place between 8:00 AM to 9:00 PM, debtors time. Calls cant be at inconvenience places like at work.
- Using false information in order to collect the debt
Most of this regulations are from the FDCPA, Fair Debt Collection Practices Act, for federal collection laws
What else can I help you with?
Can the collection agency freeze your bank acct in Fla?
No. A collection agency can not freeze your bank account. Only a judge could do that.
If a second collection agency takes over a unpaid debt can they have that collection put on your report?
Yes the second collection will be placed on the credit report. But they will remove the first collection agency off the report. In some states it is against the law to be double billed by two collection agency for the same debt.
If you settle an old credit card debt with a collection agency paying the negotiated price in full will the collection agency remove the collection from your credit report?
No the collection will not be removed from the credit report. They will show it paid in full.
Where can you find the phone number for a collection agency on your credit report?
Whenever I am helping a client with a collection agency, the first thing I do is try to contact the state agency that licenses collection agencies. I also try searching on Google and that usually works.
Can a collection agency continue to report a collection account to the credit bureau after the account is sold to another collection agency?
No, once a collection agency relinquishes their claim to the account by selling it they must remove all negative trade lines related to that account from your credit reports. Hope this helps ST
What is collection agency?
A Commercial Collection Agency is and agency that collects debt on behalf of their clients, same as a consumer collection agency, but a commercial collection agency collects business to business.
Is Credence a collection agency?
No, Credence is not a collection agency.
How are work commercial collection agency?
The commercial collection agency is used in debt collection in the event a debtor fails to.
I have a medical bill for 168.00 that was sent to a collection agency after I made a payment. They are going to keep in the collection agency until my bill is paid off. This can not be right.?
If the bill was late enough to be sent to a collection agency, the collection of that bill has been turned over to that collection agency as well.
What is commercial collection agency?
A Commercial Collection Agency is and agency that collects debt on behalf of their clients, same as a consumer collection agency, but a commercial collection agency collects business to business.
What is the population of Norwegian National Collection Agency?
Norwegian National Collection Agency's population is 2,005.
When was Norwegian National Collection Agency created?
Norwegian National Collection Agency was created in 1990.
What happens if you do not pay a collection agency?
if a collection agency isn't paid, the debt can be put on a persons credit report. The collection agency can also choose to garnish a persons paycheck.
Can a collection agency collect interest on your debt?
Yes, Collection agency can do that. But contact a good collection agency like Guardian Credit Services, they know will how to deal with customers to get money
Can a collection agency remove a collection from your credit report?
Yes, a collection agency can remove a collection from your credit report if they agree to delete it as part of a settlement or negotiation.
Can collection agency garnish from your check a week in Arizona?
A collection agency cannot call your employer to garish your wages. In order for your wages to be garnished, you must be sued by the collection agency. And the agency must win a judgment against you.
Does the creditor or the collection agency get the money you pay on a debt?
When a collection agency takes on a bad debt, in many cases they are "puchasing" the debt from the original creditor. When you then pay off the collection agency, your money will stay with that collection agency. This is the most common scenario, but some companies do have their own internal collection agencies (Capital One, for example, has their own collection subsidiary in Idaho - the Westmoreland Agency). Hope this helps!
