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What else can I help you with?
Is there a dollar amount for collection agency's to report to the credit bureau?
A collection agency can report you to the credit bureau for any amount of money. There are agencies that will report for amounts under a hundred dollars.
Are your rights the same if your credit card debt went to a legal firm and not a collection agency or is a legal firm considered a collection agency?
Yes, a collections law firm, is still defined under the FDCPA as a collector. They are required to follow the same regulations that apply to a regular collection agency.
Can debt collection agencies sue in North Carolina?
This is a misnomer. When an account is sent to debt collections, the collection agency does not typically own it. They are simply acting on the part of the lender or creditor. When judgment is sought on a bad debt, it is the lender who is suing. They are perhaps doing so through the collection agency and the lawyer they have under contract, but it is not the collection agency who is suing.
How do you find out who bought your debt?
The collection agency is required to inform the debtor that the account is now under their jurisdiction.
Can a collection agency try to collect a debt that has been discharged under chapter 7?
No, that's harrassment.
Can a collection agency lie about who they are?
No. In fact, they are required by law to notify you of who they are and that they are attempting to collect a debt. This is covered under the Fair Debt Collection Practices Act (FDCPA).
A collection agency has been calling me over a home phone bill that is from 1995 under 200.00 what can they do?
get a lawyer? or pay the bill.
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).
To file a bankruptcy do we input the credit card information or the collection agency information?
The safe way is to enter the credit card issuer information and under "additional parties" or "other notice," enter the collection agency info. The debt may have been sold to a collection agency, in which case the original creditor no longer owns the debt, but the new owner rarely notifies the debtor of the change, even though the law requires it.
What steps should I take if a US collection agency contacts me regarding an outstanding debt?
If a US collection agency contacts you about an outstanding debt, you should first verify the debt is valid and accurate. Communicate with the agency in writing, request validation of the debt, and consider negotiating a payment plan. Be aware of your rights under the Fair Debt Collection Practices Act and seek advice from a financial advisor or attorney if needed.
Can a collection agency file a judgment on you for credit card debt in Texas?
No. A collection agency has no legal authority. They can refer the account to a collections attorney who can then file a lawsuit for the debt owed. Yes! A collection agency has the right to file a lawsuit as the assigned creditor under the agreement that you signed when applying for the credit card.
If a company has a past due account under a certain amount will they still send it to a collection agency?
It all depends on the amount owed and the company owed to.
