collection agencies?
Q. I have some medical bills from this year that I paid off. now out of no where their saying I owe 300 dollars, so I fax them the proof that I paid and they still won't do anyhting. I called the medical place to see if I missed a payment and they said no. So my question is if the collection agencies they that its on my credit report as bad can they do this??? P.S I just looked at my credit report and there is no medical bills on there.
Asked by shorty21 - Tue Jul 24 14:35:02 2007 - - 1 Answers - 0 Comments
A. Send them a letter with return receipet to show the proof of debt, and keep the return reciept as proof that you sent a letter, and if they are reporting on your credit report dispute it with Credit reporting agency. go to creditboards.com/forums you will find helpful information.
Answered by San - Tue Jul 24 14:41:22 2007
Q. I have some medical bills from this year that I paid off. now out of no where their saying I owe 300 dollars, so I fax them the proof that I paid and they still won't do anyhting. I called the medical place to see if I missed a payment and they said no. So my question is if the collection agencies they that its on my credit report as bad can they do this??? P.S I just looked at my credit report and there is no medical bills on there.
Asked by shorty21 - Tue Jul 24 14:35:02 2007 - - 1 Answers - 0 Comments
A. Send them a letter with return receipet to show the proof of debt, and keep the return reciept as proof that you sent a letter, and if they are reporting on your credit report dispute it with Credit reporting agency. go to creditboards.com/forums you will find helpful information.
Answered by San - Tue Jul 24 14:41:22 2007
Contact information for collection agencies is invalid on my credit report. How do I resolve the disputes?
Q. I got a copy of my credit report and sent letters to the various collection agencies asking for them to verify my debt. Three of the letters came back as undeliverable. I would like to start repairing my credit but since the addresses are no longer valid, what should I do next? I don't want to send money to agencies that no longer exist/own my debt.
Asked by what's the point - Sat Oct 13 11:32:49 2007 - - 8 Answers - 0 Comments
A. write the credit reporting agencies, telling them that the address came back undeliverable (make a copy of the envelope) and ask them to remove it because they are unverifiable and therefore you cannot validate the debt. creditinfocenter com budhibbs com
Answered by Ask M - Sat Oct 13 13:42:35 2007
Q. I got a copy of my credit report and sent letters to the various collection agencies asking for them to verify my debt. Three of the letters came back as undeliverable. I would like to start repairing my credit but since the addresses are no longer valid, what should I do next? I don't want to send money to agencies that no longer exist/own my debt.
Asked by what's the point - Sat Oct 13 11:32:49 2007 - - 8 Answers - 0 Comments
A. write the credit reporting agencies, telling them that the address came back undeliverable (make a copy of the envelope) and ask them to remove it because they are unverifiable and therefore you cannot validate the debt. creditinfocenter com budhibbs com
Answered by Ask M - Sat Oct 13 13:42:35 2007
How to keep collection agencies from calling wrong person?
Q. I am being driven mad by collection agencies--for several months, I get multiple calls per day wanting to get in touch with someone who shares my last name and first initial. It is obvious tha they just go through the phone book and look for a rough match. I am on the national no-call list and shouldn't be getting these. What to do?
Asked by Dory - Fri Feb 19 08:56:45 2010 - - 3 Answers - 0 Comments
A. Next time they call, get the caller's name and company address. Then write a "cease and desist" letter to the agency, explaining why they have the wrong person. If the calls do not stop within two weeks of when you think they received your letter, complain in writing ( with a cc. to the agency) to your state's/province's Debt Collection Commissioner (or the equivalent person in your government responsible for the regulation of debt collection agencies). If you cannot find the name & address of that person, someone at your local courthouse will be able to help you. Good luck. P.S. Keep a log of all phone calls and a copy of all correspondence.
Answered by leegleze - Fri Feb 19 09:29:57 2010
Q. I am being driven mad by collection agencies--for several months, I get multiple calls per day wanting to get in touch with someone who shares my last name and first initial. It is obvious tha they just go through the phone book and look for a rough match. I am on the national no-call list and shouldn't be getting these. What to do?
Asked by Dory - Fri Feb 19 08:56:45 2010 - - 3 Answers - 0 Comments
A. Next time they call, get the caller's name and company address. Then write a "cease and desist" letter to the agency, explaining why they have the wrong person. If the calls do not stop within two weeks of when you think they received your letter, complain in writing ( with a cc. to the agency) to your state's/province's Debt Collection Commissioner (or the equivalent person in your government responsible for the regulation of debt collection agencies). If you cannot find the name & address of that person, someone at your local courthouse will be able to help you. Good luck. P.S. Keep a log of all phone calls and a copy of all correspondence.
Answered by leegleze - Fri Feb 19 09:29:57 2010
What should I do collection agencies won't clear negative information from my credit report?
Q. Collection agencies have not removed negative information from my credit file even though I PAID all my credit card debts. Now what should I do I called and told them to remove the invalid information but they won't do it. What is the best way to have them clear out the junk from my file?
Asked by Pinto B - Fri May 2 02:15:14 2008 - - 11 Answers - 0 Comments
A. Unfortantely your case is like many other I have dealt with over the years. When you pay a collection agency moneys without working out some kind of deal they aren't required to pull the information off your credit report. They are only required to mark it as a paid collection account. If you wanted it taken off your credit report you should have done what is know as a pay for delete. You will pay them the amount they claim is owed only after they agree to delete the item off your report. Always get this in wrtiting, then you can prove you had a contract with them. Verbal hear or say will not be proof enough. In the future if you have to deal with collections, get this type of deal done first, never give them payment info of any kind. This… [cont.]
Answered by Josh K - Fri May 2 03:38:54 2008
Q. Collection agencies have not removed negative information from my credit file even though I PAID all my credit card debts. Now what should I do I called and told them to remove the invalid information but they won't do it. What is the best way to have them clear out the junk from my file?
Asked by Pinto B - Fri May 2 02:15:14 2008 - - 11 Answers - 0 Comments
A. Unfortantely your case is like many other I have dealt with over the years. When you pay a collection agency moneys without working out some kind of deal they aren't required to pull the information off your credit report. They are only required to mark it as a paid collection account. If you wanted it taken off your credit report you should have done what is know as a pay for delete. You will pay them the amount they claim is owed only after they agree to delete the item off your report. Always get this in wrtiting, then you can prove you had a contract with them. Verbal hear or say will not be proof enough. In the future if you have to deal with collections, get this type of deal done first, never give them payment info of any kind. This… [cont.]
Answered by Josh K - Fri May 2 03:38:54 2008
How can I find out which collection agencies I owe?
Q. I got a rejection letter for a credit card, and the collection agency they listed doesn't match the agency on my credit report. How do I find all the agencies I owe?
Asked by Robert S - Wed Feb 24 00:20:30 2010 - - 2 Answers - 0 Comments
A. The rejection letter should state which credit bureau they used. Since you were declined you are entitled to a free credit report from the bureau, in addition to the 3 free ones you get from annual credit report.com Just call them up and ask for a copy of your credit report and they will drop one in the mail for you.
Answered by Brian W - Thu Feb 25 00:19:16 2010
Q. I got a rejection letter for a credit card, and the collection agency they listed doesn't match the agency on my credit report. How do I find all the agencies I owe?
Asked by Robert S - Wed Feb 24 00:20:30 2010 - - 2 Answers - 0 Comments
A. The rejection letter should state which credit bureau they used. Since you were declined you are entitled to a free credit report from the bureau, in addition to the 3 free ones you get from annual credit report.com Just call them up and ask for a copy of your credit report and they will drop one in the mail for you.
Answered by Brian W - Thu Feb 25 00:19:16 2010
How long do collection agencies keep trying to collect their money and especially if you are homeless?
Q. The reason I am asking is because I also have a personal injury case which might go to trial in a year or so. How long will the collection agencies keep checking to find me and see if I have any assets -- because I will have funds once I settle the claim against the people that caused the accident. I want to know if the collection agencies simply stop trying to collect at some point (even though they have all reported on my credit).
Asked by Shaggy - Sun Dec 10 17:38:25 2006 - - 3 Answers - 0 Comments
A. The only way a collection agency makes money is to recover money and take their portion so they will keep looking for the debts they have been assigned to!
Answered by Gone fishin' - Sun Dec 10 18:04:20 2006
Q. The reason I am asking is because I also have a personal injury case which might go to trial in a year or so. How long will the collection agencies keep checking to find me and see if I have any assets -- because I will have funds once I settle the claim against the people that caused the accident. I want to know if the collection agencies simply stop trying to collect at some point (even though they have all reported on my credit).
Asked by Shaggy - Sun Dec 10 17:38:25 2006 - - 3 Answers - 0 Comments
A. The only way a collection agency makes money is to recover money and take their portion so they will keep looking for the debts they have been assigned to!
Answered by Gone fishin' - Sun Dec 10 18:04:20 2006
How will this economy affect Collection Agencies and Financing Companies?
Q. Because of so many Americans taking paycuts and layoffs - how will this affect Collection Agencies? It will be difficult to collect the money, they will have to work with customers to lower payments and spread payments out? What do you think will happen?
Asked by Skalywag - Fri Jan 30 14:51:10 2009 - - 1 Answers - 0 Comments
A. Some of that I think will happen. I have heard that many people are successfully renegotiating rental rates (there was a story on Yahoo - was it yesterday?) I suspect the same is true of credit agencies. Financing companies? well, no one is doing any, they must be slow :-)
Answered by tigglys - Fri Jan 30 14:58:24 2009
Q. Because of so many Americans taking paycuts and layoffs - how will this affect Collection Agencies? It will be difficult to collect the money, they will have to work with customers to lower payments and spread payments out? What do you think will happen?
Asked by Skalywag - Fri Jan 30 14:51:10 2009 - - 1 Answers - 0 Comments
A. Some of that I think will happen. I have heard that many people are successfully renegotiating rental rates (there was a story on Yahoo - was it yesterday?) I suspect the same is true of credit agencies. Financing companies? well, no one is doing any, they must be slow :-)
Answered by tigglys - Fri Jan 30 14:58:24 2009
How do I go about paying off debts to collection agencies?
Q. I have numerous old credit card debts that have been sold to collection agencies. (About $4,000). These are from when I graduated from college and became unemployed over six years. I kept paying some of them, but on others, the statute of limitations has run (it's four years in California). I am able to pay off this debt fairly quickly now and would like to begin repairing my credit. Once these are paid I want to make sure that this information appears on my credit report. I want to pay off all those where the statute of limitations hasn't run, but don't know where to begin. I got a credit report online, but the information is pretty vague, you can't tell when the last time I paid was on any of them. I'd like to find someone who works… [cont.]
Asked by greencitysf - Thu Jun 14 20:08:40 2007 - - 7 Answers - 0 Comments
A. First of all, never pay a collection agency unless you have no other option . THey are all crooks. You need to read up on your state laws and the FCRA and FDCPA. Pull all three credit reports and compare them. Find any violations and document them for a lawsuit later. Free money. Some dummy keeps saying that contacting CAs, or whoever will reset the seven year limit that a baddie stays on your report. That is not true. Making a payment on a debt can reset the SOL, but, unless you bring the account current, the seven years starts from the date of delinquency where the account was never brought current afterwards +180 days. You can also negotiate a PFD (Pay for delete) with the Collection Agencies. Make sure you get it in writing. … [cont.]
Answered by hans6883 - Fri Jun 15 10:55:01 2007
Q. I have numerous old credit card debts that have been sold to collection agencies. (About $4,000). These are from when I graduated from college and became unemployed over six years. I kept paying some of them, but on others, the statute of limitations has run (it's four years in California). I am able to pay off this debt fairly quickly now and would like to begin repairing my credit. Once these are paid I want to make sure that this information appears on my credit report. I want to pay off all those where the statute of limitations hasn't run, but don't know where to begin. I got a credit report online, but the information is pretty vague, you can't tell when the last time I paid was on any of them. I'd like to find someone who works… [cont.]
Asked by greencitysf - Thu Jun 14 20:08:40 2007 - - 7 Answers - 0 Comments
A. First of all, never pay a collection agency unless you have no other option . THey are all crooks. You need to read up on your state laws and the FCRA and FDCPA. Pull all three credit reports and compare them. Find any violations and document them for a lawsuit later. Free money. Some dummy keeps saying that contacting CAs, or whoever will reset the seven year limit that a baddie stays on your report. That is not true. Making a payment on a debt can reset the SOL, but, unless you bring the account current, the seven years starts from the date of delinquency where the account was never brought current afterwards +180 days. You can also negotiate a PFD (Pay for delete) with the Collection Agencies. Make sure you get it in writing. … [cont.]
Answered by hans6883 - Fri Jun 15 10:55:01 2007
How do I get someone else's collection agencies to stop calling?
Q. I recently switched my phone service to Magic Jack, and for the most part I love it. The only problem I've had is that I keep getting harassing phone calls from collection agencies for the person who used to have my new number. I have told these people that this is not that person's number anymore, but they won't stop calling. I think they think I'm lying for that person or something. I talked to Magic Jack's customer service about blocking numbers, and they said they don't offer that service. How do I get these people to stop calling?
Asked by Sorcha - Thu Jul 22 04:13:15 2010 - - 3 Answers - 0 Comments
A. demand that they remove your number from their calling lists - speak with a supervisor if needed.. write down the date, time, number, and person who you spoke to and keep a record... advise them that you will be reporting EVERY phone call to the FTC, and will seek punitive damaged if they continue to harass you... https://www.ftccomplainta ssistant.gov/
Answered by joe r - Thu Jul 22 21:06:57 2010
Q. I recently switched my phone service to Magic Jack, and for the most part I love it. The only problem I've had is that I keep getting harassing phone calls from collection agencies for the person who used to have my new number. I have told these people that this is not that person's number anymore, but they won't stop calling. I think they think I'm lying for that person or something. I talked to Magic Jack's customer service about blocking numbers, and they said they don't offer that service. How do I get these people to stop calling?
Asked by Sorcha - Thu Jul 22 04:13:15 2010 - - 3 Answers - 0 Comments
A. demand that they remove your number from their calling lists - speak with a supervisor if needed.. write down the date, time, number, and person who you spoke to and keep a record... advise them that you will be reporting EVERY phone call to the FTC, and will seek punitive damaged if they continue to harass you... https://www.ftccomplainta ssistant.gov/
Answered by joe r - Thu Jul 22 21:06:57 2010
Why do people always put down collection agencies?
Q. If it weren't for collection agencies, every company would probably be bankrupt by now. So, why do debtors get defensive and act like they are too good to speak to the collection agency when the creditor sent them there in the first place? Also, they are debtors, you don't see too many people giving the debtor a hard time for not paying there bills. Why is that?
Asked by vsweety - Sat Dec 8 14:17:17 2007 - - 1 Answers - 0 Comments
A. Honest people who arent trying to cheat out of their debt are probably stressed because they KNOW they owe money, and are probably trying to scramble together their money to make all ends meet, and see the collection agency as just another reminder of the bad times they are already facing... Those trying to cheat the system are a completely different story.
Answered by confused - Sat Dec 8 14:28:05 2007
Q. If it weren't for collection agencies, every company would probably be bankrupt by now. So, why do debtors get defensive and act like they are too good to speak to the collection agency when the creditor sent them there in the first place? Also, they are debtors, you don't see too many people giving the debtor a hard time for not paying there bills. Why is that?
Asked by vsweety - Sat Dec 8 14:17:17 2007 - - 1 Answers - 0 Comments
A. Honest people who arent trying to cheat out of their debt are probably stressed because they KNOW they owe money, and are probably trying to scramble together their money to make all ends meet, and see the collection agency as just another reminder of the bad times they are already facing... Those trying to cheat the system are a completely different story.
Answered by confused - Sat Dec 8 14:28:05 2007
Neighbor used my phone number to collection agencies?
Q. My neighbor seems to be in big debt so he gave my phone number to law offices and collection agencies. Now I m receiving calls when they are looking for him. Is this some kind of ID theft and what I should do to stop it.
Asked by Mostar-x.com - Wed Aug 16 18:02:21 2006 - - 9 Answers - 0 Comments
A. If he came over and ask to use your telephone and he called the collection agencies...its possible that they have caller id and got your number from there...So, before you jump the gun maybe give your neighbor the benefit of the doubt and ask him...I know this has to be aggravating as hell for you...some of those collection agencies can be very rude...
Answered by ibelieve - Wed Aug 16 18:12:53 2006
Q. My neighbor seems to be in big debt so he gave my phone number to law offices and collection agencies. Now I m receiving calls when they are looking for him. Is this some kind of ID theft and what I should do to stop it.
Asked by Mostar-x.com - Wed Aug 16 18:02:21 2006 - - 9 Answers - 0 Comments
A. If he came over and ask to use your telephone and he called the collection agencies...its possible that they have caller id and got your number from there...So, before you jump the gun maybe give your neighbor the benefit of the doubt and ask him...I know this has to be aggravating as hell for you...some of those collection agencies can be very rude...
Answered by ibelieve - Wed Aug 16 18:12:53 2006
Any one were really have experienced sued by credit card collection agencies ?
Q. Is any one were really have experienced sued and realy in the civil court action to the end or what ever with those collection agencies or those who brought debt from credit card company? Please share and comments.. If no one have experienced..Any one can tell what going to happen and what most likly to end up?
Asked by Beijing Chinese Guy - Sat Mar 22 14:09:51 2008 - - 4 Answers - 0 Comments
A. Many people get sued. These companies buy uncollected debt for a few cents on the dollar and then go after the debtor. They sue because they know that many, many times the debtor will not even bother to show up in court so they win a judgment by default. Not showing up in court is the very worst thing you can do. Many times this debt is not collectible because the statute of limitations has expired or they don't have all the original documents with you signature setting up the account. But when you don't show up they get a judgment by default and that IS collectible. Even if you can't afford an attorney you should go to court. First, challenge the law suit by claiming the statute of limitations to collect has expired. In most… [cont.]
Answered by Yak Rider - Sat Mar 22 14:34:07 2008
Q. Is any one were really have experienced sued and realy in the civil court action to the end or what ever with those collection agencies or those who brought debt from credit card company? Please share and comments.. If no one have experienced..Any one can tell what going to happen and what most likly to end up?
Asked by Beijing Chinese Guy - Sat Mar 22 14:09:51 2008 - - 4 Answers - 0 Comments
A. Many people get sued. These companies buy uncollected debt for a few cents on the dollar and then go after the debtor. They sue because they know that many, many times the debtor will not even bother to show up in court so they win a judgment by default. Not showing up in court is the very worst thing you can do. Many times this debt is not collectible because the statute of limitations has expired or they don't have all the original documents with you signature setting up the account. But when you don't show up they get a judgment by default and that IS collectible. Even if you can't afford an attorney you should go to court. First, challenge the law suit by claiming the statute of limitations to collect has expired. In most… [cont.]
Answered by Yak Rider - Sat Mar 22 14:34:07 2008
If collection agencies have been employed, can I still deal with credit card companies directly?
Q. If credit card debt has been passed to collection agencies, can I still contact and deal with the credit card companies directly to work out a way of paying off my debt? If I was to do that, would they then call off the collectors, or is it not as simple as that? I assume also that if a debt has not been paid for a long time (a year), that interest is still being incurred monthly on the debt.
Asked by Mark_W - Sat Sep 5 10:27:34 2009 - - 8 Answers - 0 Comments
A. No, when the credit card company passed your account to the agency it became the collection agencies. Working with the collection agency directly will ensure that the account when paid off will be cleared up. If you work through the credit card company then they have to contact the collection agency and that takes time. Best to work with who actually has your account. The collection agency will continue to add interest and collection fees to your account. Also, on a personal note as a clinical director for a doctors office who deals with past due accounts. I am always willing to work out a payment arrangement with those who owe our clinic money. I do not want to hand accounts over to collections, no only is it negative but we lose… [cont.]
Answered by lizard22 - Sat Sep 5 10:50:58 2009
Q. If credit card debt has been passed to collection agencies, can I still contact and deal with the credit card companies directly to work out a way of paying off my debt? If I was to do that, would they then call off the collectors, or is it not as simple as that? I assume also that if a debt has not been paid for a long time (a year), that interest is still being incurred monthly on the debt.
Asked by Mark_W - Sat Sep 5 10:27:34 2009 - - 8 Answers - 0 Comments
A. No, when the credit card company passed your account to the agency it became the collection agencies. Working with the collection agency directly will ensure that the account when paid off will be cleared up. If you work through the credit card company then they have to contact the collection agency and that takes time. Best to work with who actually has your account. The collection agency will continue to add interest and collection fees to your account. Also, on a personal note as a clinical director for a doctors office who deals with past due accounts. I am always willing to work out a payment arrangement with those who owe our clinic money. I do not want to hand accounts over to collections, no only is it negative but we lose… [cont.]
Answered by lizard22 - Sat Sep 5 10:50:58 2009
Can collection agencies contact you at your place of employment?
Q. I've got a credit card company calling me at my place of work every day. Today they called 3 times. I can't believe this is legal. It seems like clear cut harrassment to me. I have even been working with them from home and I thought things were alright but that's besides the point. Does anyone know if there's any laws forbidding collection agencies from calling me at my day job? If so, can you give any references for your answers. Any information helps. THANKS
Asked by jigaboo121473 - Fri Jun 27 17:38:37 2008 - - 7 Answers - 0 Comments
A. I believe this is illegal. Look up "Fair Debt Collection Practices Act". This is the law that covers when and how debt collectors may collect debts.
Answered by Captain Tenneal - Fri Jun 27 17:45:35 2008
Q. I've got a credit card company calling me at my place of work every day. Today they called 3 times. I can't believe this is legal. It seems like clear cut harrassment to me. I have even been working with them from home and I thought things were alright but that's besides the point. Does anyone know if there's any laws forbidding collection agencies from calling me at my day job? If so, can you give any references for your answers. Any information helps. THANKS
Asked by jigaboo121473 - Fri Jun 27 17:38:37 2008 - - 7 Answers - 0 Comments
A. I believe this is illegal. Look up "Fair Debt Collection Practices Act". This is the law that covers when and how debt collectors may collect debts.
Answered by Captain Tenneal - Fri Jun 27 17:45:35 2008
Some of my cc debts have gone to collection agencies. Do I list them instead of the cc co's on a bankruptcy?
Q. Will the collection agencies be listed on my credit report? I want to make sure I have a complete list for a bankruptcy. I have no choice, I got sick and lost my job.
Asked by PAM - Fri Sep 28 16:00:12 2007 - - 4 Answers - 0 Comments
A. Yes, the collection agency will be listed on you credit report under negative items. It will state how much you owe and who the original lender was.
Answered by Miss Metro - Fri Sep 28 16:39:05 2007
Q. Will the collection agencies be listed on my credit report? I want to make sure I have a complete list for a bankruptcy. I have no choice, I got sick and lost my job.
Asked by PAM - Fri Sep 28 16:00:12 2007 - - 4 Answers - 0 Comments
A. Yes, the collection agency will be listed on you credit report under negative items. It will state how much you owe and who the original lender was.
Answered by Miss Metro - Fri Sep 28 16:39:05 2007
Has anyone used certain child support collection agencies before?
Q. My sons father currently owes over $25,000 in back child support. I know he lives in Iowa, but I don't have an address for him, so the state isn't much help in tracking him down. I was wondering if anyone has used some of the child support collection agencies out there and if they have had any luck? I know most want about 30% of what they get, but I figure something is better than nothing.
Asked by Wintergravity - Wed Nov 12 16:37:40 2008 - - 1 Answers - 0 Comments
A. you can try
Answered by Eddy - Wed Nov 12 22:38:33 2008
Q. My sons father currently owes over $25,000 in back child support. I know he lives in Iowa, but I don't have an address for him, so the state isn't much help in tracking him down. I was wondering if anyone has used some of the child support collection agencies out there and if they have had any luck? I know most want about 30% of what they get, but I figure something is better than nothing.
Asked by Wintergravity - Wed Nov 12 16:37:40 2008 - - 1 Answers - 0 Comments
A. you can try
Answered by Eddy - Wed Nov 12 22:38:33 2008
How much do collection agencies pay for debt?
Q. What I'm trying to figure out is. If a collection agency is buying a $1,000 debt of mine from a credit card company how much do they actually pay for the debt?
Asked by frank92612 - Wed Mar 22 23:39:29 2006 - - 4 Answers - 0 Comments
A. Actually there are two types of Collection Agencies. One actually "buys" the debt from the original creditor. Your credit report will sometimes say "sold to xxx financial". The "sale" or "discount" is determined by what the companies determine as risk and how much they think they can collect. The other type is just hired as a service to collect. Service companies get between 5-50% depending on how old the debt how the creditors determine how or if it is collectable. Good Luck
Answered by Credit Guru - Thu Mar 23 02:57:42 2006
Q. What I'm trying to figure out is. If a collection agency is buying a $1,000 debt of mine from a credit card company how much do they actually pay for the debt?
Asked by frank92612 - Wed Mar 22 23:39:29 2006 - - 4 Answers - 0 Comments
A. Actually there are two types of Collection Agencies. One actually "buys" the debt from the original creditor. Your credit report will sometimes say "sold to xxx financial". The "sale" or "discount" is determined by what the companies determine as risk and how much they think they can collect. The other type is just hired as a service to collect. Service companies get between 5-50% depending on how old the debt how the creditors determine how or if it is collectable. Good Luck
Answered by Credit Guru - Thu Mar 23 02:57:42 2006
The SOL has passed, can the debt still be resold to collection agencies?
Q. A debt I had is past the sol, no longer on credit reports, and has been sold to 5 different collection agencies. I continue to send a validation letter and they do not respond. What can I do to stop this harrassment! I have reported them to the FTC but nothing happens.
Asked by Pat A - Mon Oct 19 23:37:16 2009 - - 2 Answers - 0 Comments
Q. A debt I had is past the sol, no longer on credit reports, and has been sold to 5 different collection agencies. I continue to send a validation letter and they do not respond. What can I do to stop this harrassment! I have reported them to the FTC but nothing happens.
Asked by Pat A - Mon Oct 19 23:37:16 2009 - - 2 Answers - 0 Comments
Do credit agencies have to remove any collection accounts that have been paid if a person has paid.?
Q. I have letters stating that these are paid in full or settled for a certain amount. How long do collection agencies get to update information? Don't the big 3 ( Transunion,Equifax,Experi an) have to delete any information that is not accurate?
Asked by mysery0125 - Wed Apr 2 21:13:22 2008 - - 5 Answers - 0 Comments
A. No, they do not have to remove the listing, which is why it's important to get a pay for delete agreement in writing before you give them money. All they are required to do is show "paid" or "settled" on your credit report. Negative marks may stay 7 years from date of first delinquency.
Answered by Crazyjester9 - Wed Apr 2 21:19:50 2008
Q. I have letters stating that these are paid in full or settled for a certain amount. How long do collection agencies get to update information? Don't the big 3 ( Transunion,Equifax,Experi an) have to delete any information that is not accurate?
Asked by mysery0125 - Wed Apr 2 21:13:22 2008 - - 5 Answers - 0 Comments
A. No, they do not have to remove the listing, which is why it's important to get a pay for delete agreement in writing before you give them money. All they are required to do is show "paid" or "settled" on your credit report. Negative marks may stay 7 years from date of first delinquency.
Answered by Crazyjester9 - Wed Apr 2 21:19:50 2008
Is it possible that collection agencies report to all 3 credit bureaus at the different times?
Q. I recently sent a goodwill letter to a collection agency (Van Ru Credit Corp) and to the original creditor(Con Edison) to have a paid collection deleted from all 3 of my credit reports. I had an inquiry(Experian) from the collection agency and then a few days later the collection account was deleted from 1 of my reports(Experian again). Is there any chance that Van Ru Credit Corp will delete the accounts from the other 2 credit reports(Transunion and Equifax) anytime soon?
Asked by meredith stull - Fri Oct 16 10:02:38 2009 - - 1 Answers - 0 Comments
A. if you are looking for the free credit score and report usa national site, check out this site Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.
Answered by jame greenlee - Sat Oct 17 10:10:46 2009
Q. I recently sent a goodwill letter to a collection agency (Van Ru Credit Corp) and to the original creditor(Con Edison) to have a paid collection deleted from all 3 of my credit reports. I had an inquiry(Experian) from the collection agency and then a few days later the collection account was deleted from 1 of my reports(Experian again). Is there any chance that Van Ru Credit Corp will delete the accounts from the other 2 credit reports(Transunion and Equifax) anytime soon?
Asked by meredith stull - Fri Oct 16 10:02:38 2009 - - 1 Answers - 0 Comments
A. if you are looking for the free credit score and report usa national site, check out this site Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.
Answered by jame greenlee - Sat Oct 17 10:10:46 2009
From Yahoo Answer Search: 'collection agencies'
Sun Sep 5 05:33:56 2010 [ refresh local cache ]
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contractoruk.com
Thu, 05 Aug 2010 03:28:23 GMT+00:00
Contractor uk hm revenue and Customs has confirmed it will use debt collection agencies over the next year to chase individuals and firms holding 140million of tax debt. ...
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