0
What else can I help you with?
Can the same collection agengy try to collect on settled debt that is old?
Answer Collection agencies are man's worst enemy. They just never give up so the only way to get them off your back it to get in touch with them and fax them the reciept that you paid the old bill they are trying to collect on, because if you don't they won't leave you alone.
What can you do if you are prepared to pay all your chargeoffs in full but the agencies aren't willing to delete the record from your credit report?
Most companies will not delete accounts that have been paid, nor do they have to under the law. The Fair Credit Reporting Act allows them to report the accounts as paid charge offs, or as charge off/collection with a zero balance and to report the date that the account was paid in full or settled.
If you settle a chargeoff or collection does this increase your credit score?
Yes! I settled 2 collection accounts and my score stayed exactly the same.
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).
If you've settled a debt with a credit collection agency can the original creditor buy back the account and try and charge you again?
No ... you have the proof that the debt was settled.
Who sent you to the collection agency?
I presume your question is "how did your debt wind-up at a collection agency". There are 2 methods: (1) the original creditor sold your account to an agency for a price that is a fraction of the outstanding balance on the account (so the collection agency now is your creditor legally), (2) the original creditor contracted with a collection agency to get you to make more payment on the debt than you have while interacting with the original creditor only. In either case, a collection agency is a company that makes a profit by getting debtors to make a payment of sufficiently greater amount (than they had been making to the original creditor) such that a greater return can be realized from this continued effort to collect the debt, and collection agencies usually are profitable companies. In my personal opinion, the first method (# 1 above) is used in the vast majority of delinquent debt collection situations. Any creditor organization of at least medium business size has enough staff to attempt to coax the debtor to make more payment, so there would be no reason to contract a collection agency to try again. That latter point being understood, collection agencies sometimes resell a debt account to another collection agency when they give-up on trying to get more payment from the debtor (and the account has not been settled).
If your card account is settled in full with a collection agency is it necessary to get a confirmation letter from them and the original creditor?
Just to be safe I would. It's always good to keep track of your finances. Credit companies do make mistakes so it would be helpful if you did have the proof for future reference.
What are some companies that can help a person get their debts settled?
There are a variety of companies that can get a person settle their debts. Some companies include the following: Debtmerica, Costa Credit Solutions and CuraDebt.
Immigrants who settled in cities got valuable?
Immigrants who settled in the cities got valuable information from other immigrants of the same ethnicity. They often settled in groups together.
Who settled New England?
Why were both American settlements often founded by joint stock companies
If you have paid a judgment or settled within a year how do you get it off your report?
Valid negative information cannot be removed from a credit report. The account information will remain on the CR for the required seven years and should be marked accordingly. Be aware, that regardless of what some debt counselors/agencies claim, valid information CANNOT be removed from a CR until the 7 year time limit has expired.
What consequences might one face if he or she cant justify deductions and tax returns to the IRS?
Additional past due income tax that is owed plus the additional penalties and interest that keep on accumulating until the matter is settled with the IRS correctly.Go to the IRS gov website and use the search box for Topic 201 - The Collection ProcessYou have rights and protections throughout the collection process. Please refer to Publication 1, which provides additional information on Your Rights as a Taxpayer. More information on the collection process and your rights is available in Publication 594 (PDF), The IRS Collection Process, and in Publication 1660 (PDF), Collection Appeal Rights. These may be obtained by accessing the IRS gov website
