0
Once a debt has been turned over to a collection agency can the originalagency owed still pull the money from yyour bank account?
Yes, typically if you already had a pending payment, broken promise, or repayment plan, then typically the first agency would retain the account until you have completed the arrangement. However, if there was never such arrangement, and both are attempting to collect the same account, then you should inform both of them of the other intentions. It could have just been an placement error between the original creditor and the collections agency, as it would be illegal to submit the account to multiple collectors at the same time.
What else can I help you with?
What do you do if an account was turned over to a collection agency but the original creditor accepted your payment in full?
Contact the original creditor. Provide proof of your payment. They need to retract the account from the collection agency. The account could have been sold to the collection agency or simply assigned to them. For your purposes, it does not matter which situation applies. You paid the original creditor and your credit report needs to reflect this. After they do what they need to do to get the account back; you then dispute the entries with all three credit bureaus. The original account should show as a paid collection and the other collection account should be removed from your credit report entirely.
What happens in Florida if you quit making credit card payments?
after 180 days of non payment your account will be charged off and turned over to collection agency
Does a debt being turned over to a collection agency ruin your credit?
Yes.
Can a collection agency charge interest on an account they bought and do you have to pay them since you never entered into a contract with them?
Sorry but yes they can. In the original contract there was a clause about what actions could be taken if you defaulted on the agreement and one of those actions is that the account could be turned over to a collection agency. So, even though you didn't directly enter into a contract with the collection agency you agreed to abide by the contract and the collection agency now legally owns the contract. It works the same way as when you purchase a house. At some point the original lender on a house may sell the contract and you will be paying a different lender.
What information does a collection agency need from a creditor for them to legally go after you?
When your account is turned over to a collection agency all the infornmation goes with it. In other words, whatever you put on the original application for the card. Home and work #s, home address, name and address of employer, income, etc. The collection agency does just that collects (or tries to). They cannot sue you without the consent of the original creditor. If that happens, your account is referred to an attorney who specializes in collection. Lenders do not want to sue. It is time consuming and expensive and the majority of suits are uncollectable. They are almost always willing to negotiate terms you can afford. Know your rights as a consumer and stand up for them.
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.
What do you do if an account was turned over to a collection agency but the original creditor accepted your payment in full?
Contact the original creditor. Provide proof of your payment. They need to retract the account from the collection agency. The account could have been sold to the collection agency or simply assigned to them. For your purposes, it does not matter which situation applies. You paid the original creditor and your credit report needs to reflect this. After they do what they need to do to get the account back; you then dispute the entries with all three credit bureaus. The original account should show as a paid collection and the other collection account should be removed from your credit report entirely.
When a patient account is turned over to a collection agency what adjustment is posted to the account?
When a patient account is turned over to a collection agency, an adjustment is typically posted to reflect the transfer of the account. This adjustment may involve writing off the balance as uncollectible or marking it as "sent to collections." The specific accounting entry depends on the organization's policies, but it generally reduces the accounts receivable balance and may record a corresponding expense.
Can a collection agency report and collect a debt that is shown as a charge off from another creditor?
Yes. When creditors charge off accounts they send them (or sell) to a collection agency. The collector can request the debtor's credit report show that the account has been turned over for collection procedures.
When a patient account is turn over to collection agency what adjustment is posted to the account?
When a patient account is turned over to a collection agency, an adjustment is typically posted to reflect the transfer of the debt. This adjustment often includes a write-off of the account balance, indicating that the provider has deemed the debt uncollectible. Additionally, an entry may be made to show the fees associated with the collection process, if applicable. This ensures the account accurately reflects its status and any remaining liabilities.
What happens in Florida if you quit making credit card payments?
after 180 days of non payment your account will be charged off and turned over to collection agency
I have a medical bill for 168.00 that was sent to a collection agency after I made a payment. They are going to keep in the collection agency until my bill is paid off. This can not be right.?
If the bill was late enough to be sent to a collection agency, the collection of that bill has been turned over to that collection agency as well.
How do you find out if an account has been turned over to a collection agency and what amount is owed?
When you check your credit report there are several sections, one is called collections account. You will be able to review collections account directly after judgements, if any are listed on your report.
What is this charge on your cell phone bill?
they would not allow us to break the contract and upon non-payment on my part they stopped the account from charging and turned it over to a collection agency
Does a debt being turned over to a collection agency ruin your credit?
Yes.
Are old Florida traffic tickets turned over to a collection agency?
Yes.
Can a collection agency charge interest on an account they bought and do you have to pay them since you never entered into a contract with them?
Sorry but yes they can. In the original contract there was a clause about what actions could be taken if you defaulted on the agreement and one of those actions is that the account could be turned over to a collection agency. So, even though you didn't directly enter into a contract with the collection agency you agreed to abide by the contract and the collection agency now legally owns the contract. It works the same way as when you purchase a house. At some point the original lender on a house may sell the contract and you will be paying a different lender.
