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Yes, the term is used to indicate a debt being written off as uncollectible by the original creditor. The debt however remains valid and subject to collection by a collection agency working for the original creditor or a third party that buys the account.

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19y ago

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Can an Ohio debt collector garnish your spouses income in Michigan if the debt was originated in Michigan-Are they bound to Ohio law or Michigan law?

The rule is the debt collector is bound by the laws of the state the collection action is being taken in. If the debt collector is not licensed or authorized in that state, it cannot legally act to collect the debt. Check with your state agency that licenses debt collectors. The debt collector can retain a local attorney to collect the debt, of course, and that would be under Michigan Law.


What is the Prefix for collector?

The prefix for collector is "collect-".


What is the base word of collector?

the bass word is collect


Can a company who bought a charged off account try to collect interest on the account?

Yes, interest and fees are still charged when an account is sent to collections or purchased by a third pary collector.


What does a vexillologist collect?

Vexillologist - a collector of flags


What is a stamp collector?

{| |- | A stamp collector is often referred to as a philatelist. They like to collect postage stamps. What they collect varies from collector to collector. Some want every stamp a country has issued. Others want every stamp that shows a picture of a specific topic. |}


What does a arctophilist collect?

Arctophilist - a collector of teddy bears


What does a plangonologist collect?

plangonologist - a collector of dolls


Can a debt collector call police to collect a debt?

No.


What do you call a person who like to collect anything?

collector


What s a collector bill and what can i d with one?

Collect it.


What did the tax collector of ancient Egypt do?

Collect taxes.