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There are several options available for consumers facing debt collection. There are debt consolidation services available online and in worst case scenarios, there is always filing bankruptcy.

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11y ago

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What is a good debt collection service in Toronto?

There are several acclaimed debt collection service companies in Toronto, Canada. These companies include but are not limited to the Global Collection Consultants Debt Collection Services and the Ontario - Toronto Canada Debt Collection Agency Services.


What companies can be considered debt collection companies?

Debt collection companies are usually companies that specializes in pursuing the collection of debts owed by individuals or businesses. They operate as agents of creditors and collect debts for a fee or a percentage of the total amount that is owed by such individuals/companies.


What companies help with debt recovery?

National debt collection company, Collection agency, Rapid recovery solutions, National asset management are the companies that help with data recovery.


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.


What companies provide debt collection software?

E-collections is a great leading company in the debt collection software industry. Pamar systems also provides a great debt collection software program.


Does law cover commercial collections?

Federal Collection Laws regulate collection laws and practices, for consumer or business debt. Federal Collection Laws are also known as Fair Debt Collection Practices Act (FDCPA)


What type of services do collection companies offer?

Debt collection companies offer services such as collecting the amount of money that a company or individual owes. Debt collection companies also provide the service of working out long- or short-term repayment plans for those who owe repayment.


Where can one get consumer debt counseling?

There are numerous companies that provide consumer debt counseling. Some are free while others are not. You could start by looking through your phone book for local consumer debt counseling businesses in your area.


What department must Oregon debt collection employees register with?

In Oregon, a debt collectors must register with the Department of Consumer and Business Services. They must also follow all fair debt collection laws.


Why are debt collection agencies calling you?

Usually debt collection agencies only call if you have not paid a bill to one of their clients. Sometimes they come from credit card companies, health care companies, or student loans.


How do you get a collection agency to stop calling you about an account that is not yours?

The Fair Debt Collection Practices Act 15 USC, Section 1692c(C) CEASING COMMUNICATION reads "If a consumer notifies a debt collector in writing that the consumer refuses to pay a debt or the consumer writes the debt collector to cease further communication with the consumer, the debt collector shall not communicate further with the consumer..." So the magic phrase is "in writing". This type of letter is known as a "cease & desist" letter or C&D. Collection agencies only have to obey this provision of the law when it is in writing. Send your letter via certified mail, return receipt requested. If the collection agency contacts you again, you can sue them for violation of the law. You might also want to dispute this debt at the same time.


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.