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Unfortunately I think phishing scam artist have expanded from just the internet. I often receive letters from collection agencys. I've noticed that most contain some information that I can confirm it by reading the letter. However, recently I have noticed quite a few come through with little to no information about the debt with a phone number to call. Well since I am not in the financial position at this time to correct my past mistakes at this time I haven't bothered calling on these recent letters. I can't tell you how they would be handled, but I have a feeling I would have a similar experience. But I do know you have the right to ask that they prove the debt, and you can read more here http://credit.about.com/od/debtcollection/a/validation.htm Under the circumstances I would encourage everyone to validate every collection letter that one receives before sending any money, and circumstances happen to the best of us and even the worst of us, but if someone is trying to make it right, they don't deserved to be scammed. Then the next step would be to make sure that your credit reports are accurate, if these people can't tell you anything about the debt it shouldn't be on your credit report. If it is write to the credit reporting agency and ask how you can correct it. That's the best steps I can think of right now.
What else can I help you with?
Should you pay off a collection account?
YES. That is money that you owe and are legally liable for. Not paying it off is going to do nothing but hurt you in the future
Can your paycheck be garnished if you have a collection account?
Certainly in the UK it can. I believe you need to give permission for it unless there is a court order give in which case there is nothing you can do about it. I think there is a maximum that they can take however. All to do with the bare minimum you need to live on.
Would disputing a delinquent account held in collections affect the date of last activity and alarm the collection agency that is withholding the account?
Nothing can legally affect the date of last activity. That date is established according to guidelines set out in the Fair Credit Reporting Act. When a collection account or charge off is reported to the credit bureaus, the data furnisher has 90 days to identity the DLA. It is set, established and cannot be changed. To do so is called "re-aging" and is a violation of the FCRA. If you send a dispute to the credit bureaus, their procedure is to contact the data furnisher and request "verification". This most definitely notifies the collection agency about your dispute. Who knows if they are "alarmed" by this. The bureaus have 30 days (from the date they receive your written dispute) to get "verification" or they must shield the account from view.
How do you know IFSC code of unknown account number?
I believe that IFSC code is for a specific branch of a bank and has nothing to do with an individual account.
If you ask a collection agency for zero balance for a full payment on a 5 year old account and they decline will this start the 7 year clock over?
Nothing can legally change or start over the 7 year reporting time period. That time period is set by the Fair Credit Reporting Act. Certain actions can re-set the statute of limitations (SOL) which is the time period established by state law that determines how long a consumer may be sued to recover a debt.
Should you pay off a collection account?
YES. That is money that you owe and are legally liable for. Not paying it off is going to do nothing but hurt you in the future
nothing?
Buy the hottest Vetements collection
What is a statutory account?
nothing
According to a phrase nothing is certain but death and what?
Nothing in life is certain but death and taxes.
What is the idea that nothing can be known for certain?
The idea that nothing can be known for certain is a form of skepticism.
How long will you Be with your boyfriend you have been dating for 16 months already?
Nothing is certain. Age is a big factor though. Once you reach a certain age, such a time is a good time. But nothing is certain. Nothing can be certain.
What is class in DBMS?
class in dbms is nothing but a collection of attributes.... class in java is defined as collection of objects....:D
What account does SHINee have?
Nothing else.
What is the definition of last activity?
You can see the actual wording of the code at this site. It boils down to 7 years from the first day the account was placed for collection for the last delinquent payment. Sound confusing? Say you paid Jan 1, 1997 and didn't pay for 4 months. The account went into collection. You paid on May 1, 1997 and then never made another payment. If the account went into collection on June 1 1997, that's where the clock starts ticking. Even if the creditor sells the debt, the clock still ticks from the June 1 date. As long as you have not made a payment, the date stays the same. I still have one outstanding question. Say you made a payment on Oct 1, 1997. The account was still in collection because you were still delinquent. Does that restart the clock 180 days after Oct 1? The answer depends on whether the account achieved collection/charged off status prior to the additional payment. Once an account becomes a collection account, its' status changes. The standard amount of time for this is 180 days, but certain factors may shorten or lengthen that period. Once the account becomes a collection/charge off, the complete balance is due in full. The consumer no longer has any rights to make payments, and the original amortization terms no longer apply. The FCRA 15 USC 1681c Section 605(c)(1) states that: "The 7 year period...shall begin...upon the expiration of the 180 day period BEGINNING ON THE DATE OF THE COMMENCEMENT of the delinquency, which immediately preceeded the collection activity, charge to profit and loss, or similar action." So, once the account becomes a collection, or charge off, nothing can legally restart or change the DLA. If however, the consumer makes an additional payment prior to the account becoming a collection or charge off, then that month/year is established as the correct DLA.
How much Money you Need to Open an account?
What type of account ? nothing if its just an average bank account
Can your paycheck be garnished if you have a collection account?
Certainly in the UK it can. I believe you need to give permission for it unless there is a court order give in which case there is nothing you can do about it. I think there is a maximum that they can take however. All to do with the bare minimum you need to live on.
What is a problem about a baseball card collection with estimating and a quotient?
Nothing at all.
