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Debt Collection

Debt collection is a legal and necessary practice when products or services have already been provided but the consumer has not paid for them. Some companies use collection agencies to pursue payments on debts owed by persons or businesses.

5,393 Questions

Should a debt collector give you a receipt each time you make a payment?

Yes. Otherwise you have no proof that any payment has been made to the debt.

Can debt collectors call of blocked id?

Debt collectors can call with a blocked id, the same as anyone else who wishes to remain anonymous and not have their number revealed. A debt collector can not call from a number that has been blocked, however.

Where do you find the money to get a soda on mocktropica island?

go the HQ. go down the stairs(if you got that far)and go to the second computer.you will see a island on the second row without a lock.click it and set everybody's mood to happy.go right until you reach a cheese factory.the good will now be happy.go in to the top floor.talk to the man.when you leave he will give you a box oh cheese.follow the boy who is being chased by the pets.then use the cheese and the pets will eat it.he will then run to the chasm.get as close to the chasm as you can and use the cheese.go through the chasm,climd the mountain,get the axe,the go to the main street and the docter will tell you about coins.try to leave(but you can't)then talk to the guy in the coat.after getting coins go to the basement and try to get one.you will not be able to though.this is all i know

Is it legal for a debt collector to refuse to respond to me and if so can they report my debt and lower my credit score if they won't disclose my debt information.?

No, a debt collector must legally tell you what kind of debt you owe and how much debt you owe. You can consult an attorney for more details.

What is meditcredit?

Medicredit is a collection agency. The company attempts to collect a debt from a debtor. Medicredit also does financing for medical practices.

Should you do a lump sum pay off for a parent plus loan or pay credit cards first?

The best advice we can give is to pay back the one that is due first, or at least part of it.

Credit cards are the biggest cause of debt problems in the western world and are one of the reasons we are in a recession, because people spend more than they can afford. I would advise that once you have paid off the credit cards - get rid of them. They are not necessary and just hinder your financial progress. If you can't afford it, don't buy it. Simple as that.

You should pay for whatever one is due first, otherwise that one will keep harassing you.

Speak to an expert through a debt helpline for more advice, these numbers are usually free - or a local debt charity near you, for help.

Is Toll-free Svc a debt collection agency?

If "TOLL FREE SVC" shows up in the "name" field on your Caller ID, it just means that the number that came in Caller ID is a toll-free number, and your local phone company did not come up with a name for the company. It may be a debt collection agency, or it could be any other company with a toll-free contact number.

If you have been paying on a hospital debt from 2002 how long can a collection agency collect on the debt?

All debt has a statue of limitations. However that Statue of Limitations varies by locality. In most areas that Statue of Limitations is renewed whenever you make a payment. In your example the statue of Limitations is 4 years but you have been paying since 2002 and presumably have made a payment recently. In that case those 4 years begin at the time that you stop making a payment.

The short answer is that in most areas the debt is owing till its paid. If if the account is beyond the Statue of Limitations it simply means the agency can't force you to pay through court order. However, they can still request payment.

California is the notable exception but you need to research your own local laws.

How do you sue someone if he can't return the money?

If it's under $200, you can go to Small Claims court and file for a judgement. Whenever he sells a house or car, the first money will come to you.

Who are people who owe money called?

The presence of owing money is referred to as being 'in debt'. A person who is in debt is a debtor.

What does it mean to cease and desist?

Cease means to stop and desist means to not do it again. To cease and desist tells a person to stop doing something and not do it again in the future.

Where can one find a template for a cease and desist letter?

If you are looking for a template for a cease and desist letter then you should go to the Rocket Lawyer website and find their tab for the Cease and Desist template.

What are the benefits of using a business collection agency?

There are a few benefits to using a collection agency for ones business or personal purposes. One benefit to using a collection agency would be being able to avoid having to directly deal with the person who owes money.

Why would the IRS levy a bank account?

The IRS would levy a bank account if the bank account holder had not paid his or her taxes. However, the IRS wouldn't do this unless they had exhausted all other means to collect. They would first send the taxpayer a notice that taxes had been assessed and demand payment. It the taxpayer ignored this notice the IRS would send another notice letting the taxpayer know it was their intention to levy his or her bank account, or other property. This would be sent 30 days before they actually levied the account. Don't ignore letters from the IRS!!

Where can one find help for dealing with debt collection?

When dealing with debt collection it is in ones best interest to speak to a financial advisor or financial planner. This will ensure one has the knowledge to get back on track and out of debt.

How can one contact the CBCS collection agency?

There are many ways one can contact the CBCS collection agency. One can contact the CBCS collection agency by calling them at the phone number 1-800-395-8289.

What can a consumer do if faced with debt collection companies?

There are several options available for consumers facing debt collection. There are debt consolidation services available online and in worst case scenarios, there is always filing bankruptcy.

What do Collecting Agencies do?

Collection Agencies collect debts people owe to places like a bank. They will normally call you or send letters, reminding you of the debt. If they go through the proper legal channels they can do much more. Also they are allowed to negotiate with the debtor to retrieve some portion of the debt.

How do collections agencies collect a debt?

They usually call you and offer a cheaper price if you pay the amount immediately. If you do not use that they call you pretty much everyday after a certain amount of time and send letters in the mail.

What is the use of a collection agency debt settlement?

A collection agency debt settlement means when someone is in debt and a company offers a settlement amount to the creditors owed. Payment arrangements are discussed and made, sometimes the amount is way less than the actual bill.

What can you do to stop harassment from a collection agency?

The best way to stop a collection agency from contacting you is to write them to stop collecting you. It really is that simple after you write to them they are required by law to stop calling.

What kind of service does a collection agency provide?

A collection agency is commissioned to collect money from those who have defaulted on credit card bills or loans. The agency tries to recover as much money as possible.

What are some collections agencies?

Alternative Legal Services and Judgement Recovery, American Bonded collection, Armada Collection, and Audit Adjustement Company Inc. are some collection agencies.

What would you use collection letters for?

You would use collection letters to try and collect a legitimate debt. If someone owed you or your company money, you would mail these to try to get the debt paid.

Why do collection agencies use predictive dialers?

The reason why collection agencies use predictive dialers is because, more calls are made and predictive dialers do it all for you automatically. They also raise the productivity of agents.

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