they will stop at nothing including threatening to take your first born child but basically all they can do is sue you and get a judgment and if you have no assets they cannot take them, but if your working you could have your wages attached...
if a collection agency isn't paid, the debt can be put on a persons credit report. The collection agency can also choose to garnish a persons paycheck.
Most of the time it will be sent to a collection agency. This agency will then continue to try to contact you until the loan is paid. Your interest rates are even likely to increase, causing you to pay more than you would normally owe.
They must respond and send a representative to the hearing. If they lose, they have to pay.
they will send it to crediotrs and then a collection agency will call you.. your creidt score will go down
You have to pay the collection agency. The original company has a signed contract with the collection agency and they pay the collection agency a % of what they collect from you. That's how they make their $$. The original company did not want to have the outstanding balance on their books.
Do NOT pay any money to a collection agency.......send your money to the debtor, the person you owe it to. Send it in the form of a check or money order. NEVER PAY A COLLECTION AGENCY
No pay the vendor. If you pay the collection agency they will extract a fee from the payment and you will still owe the vendor
No a collection aggency cannot garnish a pay cheque
No.
No.
Yes you tell the collection agency you will pay ONLY if they can give you a letter that say they will delete the item from your report it's call pay for deletion
if you dont pay your credit card bill, they will charge you the amount that you didn't pay plus interest on your next bill. If you wait too long to pay your bill, they might hire a collection agency to get the money back or reposses your things