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Find out if the statute of limitations for the state in which you live has expired on the type of debt they are trying to collect. Consumer's should be very wary of collection agencies pursuing very old debts. These agencies use intimidation and coercion to convince the debtor that they must pay or face legal action, in the vast majority of situations the SOL has expired and the creditor/collector cannot file a lawsuit to recover monies owed. A debt itself does not have an expiration date, and a collector can continue collection procedures until the death of the debtor(s) and even then some unscrupulous collectors will contact the surviving family members. FYI, the debt does not actually "die" with the debtor, but can become a claim against the deceased debtor's estate, SOL's do not apply in such situations.
What else can I help you with?
Once the delinquent account has been turned over to a collection agency the physicians office should do what?
Once a delinquent account has been turned over to a collection agency, the physician's office should stop billing.
If a collection account was sold to another collection agency is it correct that they should both show up on your credit report as late payments?
When a collection agency sells your debt they no longer have any claim to your debt. It's like selling a car, once it is gone it is gone.
Should i send a collection agency proof of payment of debt?
with out a doubt. you would want them to update your CRA.
You have the receipts of payment from a bill that a collection agency says you still owe what should you do?
You should contact the office of your state attorney general consumer division. Inquire at that office how you should notify the collection agency that the debt was paid. Make certain to safeguard the receipts. You should make a couple of sets of copies and then keep the originals in a safe place.
What should one do if neither the original creditor nor the collection agency mails monthly statements as to what is owed?
Once a debt goes into default, the entire balance is due and payable upon demand. This contingency is part of every contract which establishes debt. You lose many rights once you default, including the right to "make payments". If a creditor or collection agency agrees to take payments, they do so at their own discretion. Since such an arrangement would be case-specific, no monthly statements are ever sent. You may contact either the OC or CA to find out what the balance is. Then make arrangements to pay in either part or in full. Either way, you will be expected to keep those arrangements.
How do you start paying monthly on a charged off account with a bank?
First and foremost, you need to find out who owns the debt. Call up the bank and tell them that you would like to make payment arrangements. If they still own the debt, you will be transferred to someone who will be able to help you. If the bank sold the debt to a collection agency, they should be able to give you their contact info. Call the collection agency and set up payment arrangements with them.
What percentage of the debt should repay collection agency?
50%
You owe 690.00 to a food vendor should you pay a collection agency?
No pay the vendor. If you pay the collection agency they will extract a fee from the payment and you will still owe the vendor
Once the delinquent account has been turned over to a collection agency the physicians office should do what?
Once a delinquent account has been turned over to a collection agency, the physician's office should stop billing.
If a collection agency sends a letter to an employer asking for personal information should the employer answer it?
If the employment agency will charge a fee
Can you provide me with a debt collection verification letter?
A debt collection verification letter is a document that requests proof of a debt from a collection agency. It should include your name, address, and the debt amount you are questioning. You can find templates online or request one from the collection agency.
Is a collection agency obligated to remove debt from your credit report?
No! The only obligation of the collection agency regarding a debt is to accurately report the debt...i.e. balance outstanding, current status, and payment history. However, if you are paying or contemplating paying a collection agency, it would be wise to negotiate a positive outcome...i.e. the total removal of the account from your credit profile in exchange for payment. This should be negotiated prior to paying the collection agency and the agreement should be in writing.
Where should I order my Las Vegas hotel?
You should order your las vegas hotel at your local traveling agency. Or if you don't know what a local traveling agency call the hotel directly to make arrangements.
Is it legitimate if a collection agency sent you a letter stating that their client would settle for a certain amount if paid by a certain date and they want you to fax the letter to them?
Before making any commitments to a collection agency, you should get confirmatio from the original creditor that the collection agency has legal authority to collect at settle the debt.
After you told this collection agency who brought your account not to call you on your job can they continue?
If you "told" them , I would assume you meant you did this via the phone. Then with that being the case , yes, they may continue to contact you. ONLY if you either write them a leter stating to not cntactyou at work , or you notify them that your employer does not permet personal calls would the collection agency not be permitted to contact you at work. I would also say that any communication should be done by letter and those letters should be done either registered or certified or both. In this manner you have documentation from the post office that you actually did contact the collection agency and when you had that contact. Also it provs you did send something so the collection agency can not latter on claim they never got anything from you the debtor . It should go without saying , but I will say it anyway , as well as sending your communication with a collection agency by registered mail, please also keep a copy of each letter that you send to them for your own records ..
If a collection account was sold to another collection agency is it correct that they should both show up on your credit report as late payments?
When a collection agency sells your debt they no longer have any claim to your debt. It's like selling a car, once it is gone it is gone.
How do you find out who you owe if the collection agencies keep selling the account?
When a consumer receives a notice from a collection agency requesting payment of a debt, the consumer should always present to the agency a written request for confirmation of the debt owed.
