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You need to have a look at the relevant legislation in your state to ascertain where you stand. I would suggest that you contact a financial counsellor who would be familiar with laws in your state to discuss your options. In Victoria, Australia, debts are statute barred after 7 years - UNLESS one makes a payment on demand thereafter, in which case one is again legally liable for the debt that was incurred.
What else can I help you with?
In Arkansas can a collection agency sue you if the original creditor accepts payment on the debt?
If the debt was sold to a collection agency and the original creditor accepted payment AFTER the debt was sold, the money does not belong to them. If, however, you paid the debt and it was mistakingly sol after that payment, the collection agency can't try to collect. If you have proof of payment, forward it to the collection agency and deman in writing that they cease trying to collect this debt.
Can a collection agency collect interest on your debt?
Yes, Collection agency can do that. But contact a good collection agency like Guardian Credit Services, they know will how to deal with customers to get money
Is it illegal for a collection agency to buy your debt and come after you?
No, it is not illegal for a collection agency to buy your debt and attempt to collect it from you.
If the collection agency didn't collect anything from you do you still owe the collection agency anything in the state of Wisconsin?
Of course. If it's an unpaid debt, the collection agency owning the debt may try to collect it. And beware, they can track you down no matter what. However, they have to abide by certain rules, which are defined in the Fair Debt Collection Act.
Can a collection agency attempt to collect a debt that was settled by another collection agency as 'not valid' a year prior?
They can attempt to collect. If the debt can be proved to be invalid the information should be forwarded to the agency via certified mail. Whether or not the debt is invalid under the terms of the orignal agreement depends on the how it would be viewed in court (if it comes to that).
How can a business collect debt?
A business can collect debt by getting a collection agency to collect the debt. A business could also take it up in court or by putting a lien on the debtor's property.
If a man dies you owe money to can the collection agency still collect?
When that person died, his assets became part of his estate. The debt you owed him became one of those assets. The legal representative of his estate has an obligation to collect the debt from you and has the full legal power to do so, either directly or through a collection agency.
Does the creditor or the collection agency get the money you pay on a debt?
When a collection agency takes on a bad debt, in many cases they are "puchasing" the debt from the original creditor. When you then pay off the collection agency, your money will stay with that collection agency. This is the most common scenario, but some companies do have their own internal collection agencies (Capital One, for example, has their own collection subsidiary in Idaho - the Westmoreland Agency). Hope this helps!
If you already paid a debt can a collection agency legally continue to try to collect the debt?
Not as long as you can prove you paid it.
What is OSI collection services inc?
OSI Collection Service is a "Third Party" Collection agency. Collection agencies buy your information from the original creditor in order to collect on a debt. What this means is that they make money if you pay anything on this debt, not only from the original creditor, but a commission on the payment that you make on that debt.
Can a collection agency prosecute someone on supplemental security income?
A collection agency can collect from someone on social security or disability. If you incurred a debt, you can be prosecuted.
What purpose does the International Debt Collection serve?
The International Debt Collection Agency is a debt collection agency designed to collect debts from debtors that have not paid for goods supplied or services rendered. Debt collection agencies are designed for debt recovery, and speak on behalf of the company to which the debt is owed to work out a settlement between the debtor and the creditor.
