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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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20y 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.


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 is the base word of collector?

the bass word is collect


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The prefix for collector is "collect-".


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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. |}


Can you collect tadpoles in Michigan?

yes


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 did the tax collector of ancient Egypt do?

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

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